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.

Microcap & Penny Stocks : ABTX - Agribiotech -- Ignore unavailable to you. Want to Upgrade?

To: HardMoney who wrote (1319)	12/14/1997 7:05:00 AM
From: sherine elgohary	Read Replies (2) \| Respond to of 8359

To All: Looks like the percent held by institutions is up to 8.5% from 2.8% a week ago, however the number of institutions holding shares is not indicated: dailystocks.net Very interesting indeed! Sherine

To: HardMoney who wrote (1319)	12/14/1997 9:11:00 PM
From: toddy	Respond to of 8359

found this on newsalert: AGRIBIOTECH INC files post effective amendment. IFN Smart Edgar News - December 12, 1997 20:09 %SIC5190 %COM %regstmnt ABTX V%IFN P%SMRT Excerpted from POS AM filed on 12/12 by AGRIBIOTECH INC: AGRIBIOTECH INC files post effective amendment. PROSPECTUS AGRIBIOTECH, INC. 6,373,402 Shares of Common Stock This Prospectus pertains to 6,373,402 shares of Common Stock (the "Shares"), $.001 par value per share, of AgriBioTech, Inc., a Nevada corporation ("ABT" or the "Company"). Of the 6,373,402 Shares: 148,402 Shares were issued to the former shareholders of Clark Seeds, Inc.; an aggregate of 840,000 Shares were issued to the former shareholders of Olsen Fennell Seeds, Inc. and 10,000 for fees in such acquisition; and 229,885 Shares were issued in connection with the Company's acquisition of LaCrosse Seed Corporation; an aggregate of 2,225,000 Shares are issuable upon exercise of transferrable stock options granted to officers of the Company; and 2,920,115 Shares are issuable by the Company either (a) in exchange for the assets and/or stock of entities which may be acquired by the Company, including 1,000,000 Shares anticipated to be issued in connection with the Company's previously announced acquisition of Lofts Seed, Inc., all of the foregoing Shares to be sold by the selling stockholders named herein or by supplement (the "Selling Stockholders"), or (b) in registered original equity issuances to qualified institutional buyers ("QIBs"), institutional accredited investors and other accredited investors. The Company will not receive any proceeds from the sale of the Shares by the Selling Stockholders, although it will receive the exercise price of options exercised under this Prospectus and in original equity issuances to QIBs and other accredited investors at a price determined by a formula related to the market price for the Company's Common Stock. It is anticipated that the Selling Stockholders will offer shares of Common Stock for resale at prevailing prices on the Nasdaq National Market ("Nasdaq"). See "Plan of Distribution." All selling and other expenses incurred by individual Selling Stockholders will be borne by such Selling Stockholders. The Common Stock is traded on Nasdaq under the symbol "ABTX." On December 11, 1997, the closing sale price of the Common Stock as reported on Nasdaq was $13.50 per share. THE SHARES OFFERED HEREBY INVOLVE A HIGH DEGREE OF RISK. SEE "RISK FACTORS" BEGINNING ON PAGE 6. THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. This Prospectus also amends the Company's Prospectuses dated October 10, 1995 and October 18, 1996. THE DATE OF THIS PROSPECTUS IS DECEMBER 12, 1997 (End of Item Excerpt) this doesn't look good to me. someone pls help me digest this. later and thks.