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Technology Stocks : NewKidCo International (OTC:NKCIF) (TSE:NKC) -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (4106)	8/2/2000 9:03:35 AM
From: genejockey	Read Replies (1) \| Respond to of 4231

Can someone with more savvy than me please interpret. I fully realize some of the important implications of the new financing, i.e. that we are able to now meet immediate obligations and operating expenses. I also noted with interest that some licenses have been re-negotiated, presumably taking the immediate pressure off the prospect we feared that they may lose some key licenses due to non-payment of royalties and/or fees. But I must confess that I had a lot of difficulty understanding the technicalities of the financing package itself. Once we start talking about all the conversions, and special warrants, and subordinate this and that I get lost. What is the REAL effect on little shareholders like me. How much are we diluted, and when. Does the pricing of the conversions effectively set some sort of "cap" on the stock price? Anyone who can decode this in plain English would be a huge help to me, and I suspect others like me whose brain goes into vapor lock when the financial technicalities abound. Many thanks in advance. Gene