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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Sandra who wrote (5331)5/27/1998 8:21:00 PM
From: Ditchdigger  Read Replies (1) | Respond to of 29382
 
Sandra,sorry,not much help on this one..but the conversion is based on the stock price,so it is a floating conversion,without a set conversion price..DD
"The shares covered by this Prospectus represent 200% of the number of
shares that may be issued as of the date of this Prospectus based upon a
conversion price of $2.00 per share. The actual number of shares of Common Stock
offered hereby is subject to adjustment and could be materially less or more
than the estimated amount indicated depending upon factors which cannot be
predicted by the Company at this time, including, among others, market prices
prevailing at the actual date of conversion."