Brenda isn't selling. Lets go over this as it seems to be confusing as it is written in "Lawyerese"...
The parts in question....
Ownership Securities Ownership Percentage
Prior to Being After Ownership
Selling Shareholder Offering (1Offered (2) Offering (3 of Class (4)
- ------------------- -------- ------- -------- --------
Brenda Greer 437,200 250,000 187,200 1.1%
Terry Armstrong 55,000 30,000 25,000 (5)
Antonio DiNapal 178,000 116,000 62,000 (5)
William Major 473,300 160,000 313,300 1.8%
Lawrence Smith 58,640 36,000 22,640 (5)
Bruce W. Wolitarsia 75,000 50,000 25,000 (5)
Joel W. Tippett 176,000 60,000 116,000 (5)
David Sherer 80,000 40,000 40,000 (5)
Rodney Hand 114,300 40,000 74,300 (5)
Gary Davis 117,400 72,000 45,400 (5)
Adrian Kathleen Killiam 180,000 120,000 60,000 (5)
Howard S. Kunka 228,000 152,000 76,000 (5)
Charles Bayles 177,500 96,000 81,500 (5)
George Dawkins 120,000 80,000 40,000 (5)
Graham Trust 54,00 36,000 18,000 (5)
Nancy W. Fisher 123,600 72,000 51,600 (5)
Andrew F. Stasio 59,000 36,000 23,000 (5)
Langston Family LTP 70,000 40,000 30,000 (5)
James H. Fowler 267,400 160,000 107,400 (5)
Robert Holzmueller 65,000 36,000 29,000 (5)
Jay Elder 72,500 36,000 30,750 (5)
Olen Cothron 66,750 36,000 18,000 (5)
Dr. Joe Matarazo 714,000 246,000 468,000 2.7%
Total 3,962,590 2,000,000 1,962,590
(1) Represents those shares of Common Stock held by the Selling
Stockholder, if any, together with those shares that such Selling
Stockholder has the right to acquire within 60 days from the date of this
Prospectus. Each of the Selling Stockholders specifically disclaims
beneficial ownership of the shares of Common Stock held (or acquirable
upon exercise or conversion of any derivative securities held) by the
other Selling Stockholders and, as such, the number of shares of Common
Stock represented hereby does not reflect any shares of Common Stock
beneficially owned by any other Selling Stockholder.
(2) Represents Shares acquirable by the Selling Shareholders upon exercise
of the Class A and Class B Warrants.
(3) Assumes all of the Shares acquirable upon the exercise of the Class A
and Class B Warrants will be sold. Because each of the Selling
Stockholders may sell all, some or none of the Shares that each may
acquire upon the exercise of the Class A and Class B Warrants, and because
the offering contemplated by this Prospectus is not a "firm commitment"
underwritten offering, the actual number of Shares that will be held by
each of the Selling Stockholders upon or prior to termination of this
offering may vary (see "Plan of Distribution.")
17
(4) Assumes all Class A and Class B Warrants owned are exercised by each
Selling Shareholder and that each Selling Stockholder sells all of the
Shares issued upon such exercise of Warrants but sells no other shares
owned. A Selling Stockholder may sell all or none of the Shares acquired
by such Selling Stockholder from the exercise of the Class A and Class B
Warrants.
(5) Less than 1%
The Selling Stockholders identified above may have sold, transferred or
otherwise disposed of all or a portion of their Shares since the date on which
they provided the information regarding their Common Stock in transactions
exempt from the registration requirements of the Securities Act. Additional
information concerning the above listed Selling Stockholders may be set forth
from time to time in prospectus supplements to this Prospectus (see "Plan of
Distribution.")
Pursuant to the terms of a private placement of the Company's
securities commencing October 13, 1997, the Company agreed to file the
Registration Statement, to which this Prospectus forms a part, for the purpose
of registering the potential resale of the Shares underlying the Warrants. All
of the registration and filing fees, printing expenses, blue sky fees, if any,
and fees and disbursements of counsel for the Company will be paid by the
Company; provided, however, that any underwriting discounts and selling
commissions will be borne by the Selling Stockholders.
None of the Selling Stockholders has ever had any position, office or
other material relationship with the Company.
_________________________
OK...now lets see what this actually says in plain English! Item (1) Indicates the persons total share ownership INCLUDING the warrants that are the reason this was filed in the FIRST place!
If you read down you will see that the conditions of the WARRANTS issued mandated the publication of this in CASE the warrant holders decided to sell! It' right there in BLACK AND WHITE!
Item (2) is the actual amount of the WARRANTS! held by the WARRANTHOLDERS!
Item (3) is the difference ASSUMING A SALE BY THE WARRANT HOLDERS AFTER THE EXCERCISE OF THE WARRANTS!!!
Please note Joe the word "ASSUMES" in item (4)! We all know the hidden words in the word "ASSume" don't we?
This publication was part of a requirement of filing based on the conditions set forth in the warrant issuance! Can't you see that?
WHERE does it say here that Brenda will sell? Don't ALL stockholders have the power to sell?
Warrants have restrictions UNTIL they are excercised. The large share amount mandates by LAW the registration of the information!
I really think it is in poor taste for you to have posted the transcript of the Edgar rather than posting of a link!
I think you should apologize to Brenda! Have you even e-mailed her to ask her intentions?Brenda is behind OZON more than ANYONE I know on this thread or otherwise!
I know she isn't selling. I think that you should study how the markets work before dragging my friends name through the mud!
Get an education!... fool.com
You owe Brenda an apology!!!
Cents |
