Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Joe Copia who wrote (24196)	2/27/2002 9:11:46 AM
From: Joe Copia	Read Replies (1) \| Respond to of 25711

SWEB ploy against the shorts? STOCKGROUP AND NOTEHOLDERS AGREE TO FIXED $0.50 CONVERSION PRICE Discount to market pricing formula cancelled San Francisco, February 18, 2002. Stockgroup Information Systems Inc., (OTCBB: SWEB), a financial media and technology company is pleased to announce that it has restructured its Convertible Notes with Deephaven Capital Management and Amro International S.A. Under the terms of the agreement, Stockgroup has issued new convertible notes, which reduce the principal of the previous convertible notes to $1.824 million. The new notes are non-interest bearing, have no pre payment penalties and are convertible into shares at a fixed price of $0.50 per share. The convertible notes have a term ending December 31, 2003 with renewal provisions for a further two years if necessary. The company has agreed to make minimum cash payments on the note totaling $300,000 paid in quarterly installments beginning June 30, 2002 until December 31, 2004. The note holders have agreed to extinguish all outstanding accrued interest and pre-payment penalties and fees, which will result in a recovery of amounts previously recorded. "The old convertible note structure provided a great deal of uncertainty for current and potential investors who were or are concerned that the note holders would create unquantifiable millions of new dilutive shares because of the discount to market formula that the agreement allowed. The new convertible notes removes the discount to market provision and allows current and potential investors to calculate the exact number of shares that will be outstanding should conversion take place. Additionally should the company choose to pay down the debenture as it has done in the past even fewer shares will be issued" stated Marcus New, CEO of Stockgroup. Mr. New continued "Over the last year the company has successfully transitioned its business from a financial community dependent largely on advertising and subscription revenues to one providing financial content management and software to some of North America's largest corporations along with it's expanding communication and disclosure products for public companies. We are very pleased to have the support of our note holders and their vote of confidence in our current business plans and prospects for growth" For full details of this agreement please view the Form 8-K to be filed by the company. ABOUT STOCKGROUP Stockgroup Information Systems Inc. is a financial media and technology company. It is a leading provider of private labeled financial content and software solutions to media, corporate, and financial services companies. Stockgroup employs proprietary technologies which enable its clients to provide financial data streams and news combined with cutting edge fundamental, technical, productivity, and disclosure tools to their customers, shareholders, and employees at a fraction of the cost of traditional internal methods. Stockgroup is also a provider of Internet communications products for publicly traded companies. Its financial web site www.smallcapcenter.com is a state of the art online research center for the investment community. To find out more about Stockgroup (OBB: SWEB), visit our website at www.stockgroup.com Contact: Marcus New, CEO Stockgroup Information Systems Inc. 1.800.650.1211 ir@stockgroup.com A Research Report is available at theinvestoronline.com. -------------------------------------------------------------------------------- IMPORTANT DISCLAIMER This release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause

To: Joe Copia who wrote (24196)	2/27/2002 12:34:28 PM
From: Joe Copia	Respond to of 25711

RDNK @ .015 ask. If my RDNK position was not full I would definitely be adding here.