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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Bouf who wrote (24163)2/14/2002 7:11:02 AM
From: Joe Copia  Read Replies (1) | Respond to of 25711
 
For those in LAMP. Some items to ponder:

pinksheets.com

Potential Issuance of Additional Shares: As of December 28, 2001, L.A.M. had 19,784,520 outstanding shares of common stock. As of December 28, 2001, there were outstanding options, warrants and convertible notes which would allow the holders of these securities to purchase approximately 12,870,493 additional shares of L.A.M.'s common stock. Additional shares of common stock are issuable under the equity line of credit and upon the exercise of warrants held by Hockbury Limited and GKN Securities. L.A.M. may also issue additional shares for various reasons and may grant additional stock options to its employees, officers, directors and third parties. See "Comparative Share Data".

As L.A.M. sell shares of its common stock under the equity line of credit, the price of L.A.M.'s common stock may decrease due to the additional shares in the market. If L.A.M. decides to draw down on the equity line of credit as the price of its common stock decreases, L.A.M. will be required to issue more shares of its common stock for any given dollar amount invested subject to the minimum selling price which may be specified by L.A.M. The more shares that are issued under the equity line of credit, the more L.A.M.'s then outstanding shares will be diluted and the more L.A.M.'s stock price may decrease. Any decline in the price of L.A.M.'s common stock may encourage short sales, which could place further downward pressure on the price of L.A.M.'s common stock.