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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Ken W who wrote (19677)4/21/2000 12:55:00 AM
From: Ken W  Read Replies (1) | Respond to of 29382
 
Sergio,

Second guess on Flanders:
We have granted warrants to purchase of total of 637,239 of our shares of common stock to various parties with exercise prices ranging from $5.54 to $14.73 per share. All of the warrants are currently exercisable. As a result, if the warrant holders exercise these warrants, we will issue shares of stock that will generally be available for sale in the public market.

We have granted options to purchase a total of 6,936,720 shares of common stock to various parties with exercise prices ranging from $1.00 to $9.50 per share. The majority of these options are currently exercisable. Additionally, most of the common stock issuable upon the exercise of these options is registered on a Form S-8. As a result, if the option holders exercise these options, we will issue shares of stock that will generally be available for sale in the public market.

Warrants and options, both currently excercisable. The warrants I doubt as the ex price is too high, but the 1.00 options could be the problem.

Ken