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Technology Stocks : Ocean Power (PWRE): Water/Power Giant in the making! -- Ignore unavailable to you. Want to Upgrade?


To: SnakeInATuxedo who wrote (246)2/10/2000 11:42:00 PM
From: gene martineau  Respond to of 269
 
Mr. Perkins:

The average price of the stock purchased in this Private Placement is between $3 & $4/share, meaning that the $6 million was secured for less than 2mm shares. The warrants will introduce an equal number of shares for $3mm. The exact numbers are not in yet, but it is accurate to conclude that $9mm in equity has been secured by the company for less than 4mm shares of 144 stock - restricted for one year.

Gm