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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: BarbaraT who wrote (17930)	5/14/1998 1:51:00 PM
From: xclently	Read Replies (1) \| Respond to of 34592

XYBRW (correction) hope this clarifies it: (They have a lot of deals out for insiders and affiliated investors, so it gets confusing:from SEC filing S-3--must read for XYBR Trader/Investor's) consisting of one share of Common Stock and one Redeemable Warrant In connection with the Company's IPO, warrants to purchase 3,846,429 shares were originally issued that entitle the holder to purchase a share of common stock for $9.00 until July 19, 1999. Check out the s-3 filing freedgar.com Additional excerpts: This Prospectus pertains to the offer and sale, from time to time, by or for the account of certain stockholders (the "Selling Stockholders") of Xybernaut Corporation (the "Company"), of up to 2,340,938 shares (the "Shares") of common stock, par value $.01 per share (the "Common Stock"), of the Company. See "Description of Securities. At the date of this Prospectus, the Company has reserved an aggregate of 6,546,692 shares of Common Stock for issuance on exercise of outstanding options and warrants. The exercise prices of the options presently outstanding are $0.01 per share for 100,000 shares granted in September 1994, and $1.37 to $6.00 for 1,290,430 shares granted from April 1, 1995 to May 8, 1998. The exercise price of the 287,860 warrants outstanding as of May 8, 1998 is between $1.76 and $18.00 per share. In connection with the Company's IPO, warrants to purchase 3,846,429 shares were originally issued that entitle the holder to purchase a share of common stock for $9.00 until July 19, 1999. These warrants contain anti-dilution provisions that have resulted in the number of shares to be issued upon a complete warrant exercise increasing to 4,583,402. At the completion of the IPO, the Representative received an option (the "Unit Purchase Option") to purchase 210,000 Units (the "Units"), <<< [The warrants that trade are the IPO warrants (originally issued with IPO units] The Sony news is big, but the financials are very important!