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Microcap & Penny Stocks : IGNE Igene Biotechnology -- Ignore unavailable to you. Want to Upgrade?


To: TARIQ STOCKS who wrote (15)5/14/1998 9:39:00 AM
From: Vegas  Read Replies (1) | Respond to of 209
 
>> Thanks again for the information, and I am sorry you had to get in >> at such a relatively high price.

Thanks for the sentiment. Don't feel sorry for me, its my own stupidity. I took the time to do the DD then when I saw it running I panicked. Oh well.

I just called the company and confirmed that each unit consists of an 8% note payable 2003 and a warrant to purchase one share of common stock at .10 The only thing she said different was that all the units were tied together as 1 item. So if I purchased $1000 worth of units I got only 1 warrant to purchase 10,000 shares for $1000 versus 10,000 warrants exersizable at .10 each. Confusing.

I will call back later and ask for them to send me a copy of the prospectus on the rights offering. I want to also find out the authorized shares.

JF