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To: Thomas Leavitt who wrote (182)7/29/1998 7:54:00 PM
From: Elijah Prophet  Read Replies (1) | Respond to of 345
 
Rocky Mountain Internet CEO registers to sells shares

This is from the Amended S-1 located at:

sec.gov

Hanson, the Rocky Mountain's CEO, registered 5,500,000 shares, and 3,950,000 warrants in the S-1. I'm not sure if the S-1 was successfully completed, so I don't know if he has sold the shares or not ... Does any one know the answer to this?

Also of interest:

"Common Stock Outstanding After this Private Placement Offering 15,747,286 shares (4)"

Note (4) reads:

"Assumes: (i) the issuance of all 2,000,000 of the Acquisition Shares in one or more mergers with or acquisitions by the Company of other businesses or assets; and (ii) the exercise of all of the Warrants, including all of the Hanson Warrants. Does not give effect to the exercise of outstanding options granted to employees or non-employee directors of the Company pursuant to various stock option plans or shares of Common Stock that can be issued pursuant to anti-dilution provisions of the Warrants and other derivative securities. See "RISK FACTORS--SHARES ELIGIBLE FOR RESALE,"

This means the company has a market capitalization of $240 million. Market Guide says the company had revenue of $6.5 million and a loss of $4.5 million.