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.

Gold/Mining/Energy : ATPG Shareholders -- Ignore unavailable to you. Want to Upgrade?

To: kollmhn who wrote (432)

9/5/2012 11:31:48 AM

From: Robohogs

2 Recommendations Read Replies (2) | Respond to of 3620

From prospectus,

Upon any such conversion, the holder will receive, for each share of Series B Convertible Preferred Stock, the greater of:

•

(1) a number of shares of our common stock equal to the then-applicable conversion rate, plus (2) the make-whole premium, if any, described under “—Make-Whole Premium for Conversion upon a Fundamental Change”; and

S-39

•

a number of shares of our common stock calculated by dividing the liquidation preference by the greater of (i) the average of the daily VWAP (as defined under “—Mandatory Conversion”) of our common stock on each of the 10 consecutive trading days ending on the trading day immediately preceding the effective date of such fundamental change and (ii) $5.00.

Where liquidation preference = $100. $100 divided by $5 = 20.

Jon