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Technology Stocks : IFLY - travel sales on the web pure play -- Ignore unavailable to you. Want to Upgrade?


To: M.R. Davis who wrote (3249)1/1/1999 8:00:00 PM
From: Premier  Read Replies (1) | Respond to of 4761
 
Thanks for the clarification. I am Premier on all boards. Off topic: How did you get to select Vairagya and Vibhisina names? Vairagi is totally detached from material life and Vibhisina stabed his brother in the back for kingdom.

Auric: Instead of your verbiage, could you please post your message clearly for the benefit of low brows like me. Thanks.



To: M.R. Davis who wrote (3249)1/1/1999 8:23:00 PM
From: Sir Auric Goldfinger  Read Replies (1) | Respond to of 4761
 
Talk to me Goose (egg):"800 TRAVEL SYSTEMS, INC. 1,350,000 SHARES OF COMMON STOCK 2,700,000 REDEEMABLE COMMON STOCK PURCHASE WARRANTS(AND 2,700,000 SHARES OF COMMON STOCK ISSUABLE UNDER THE WARRANTS)

All of the 1,350,000 shares (the "Shares") of Common Stock, par value $.01 per
share (the "Common Stock") offered hereby and all of the 2,700,000 Redeemable
Common Stock Purchase Warrants (the "Warrants") offered hereby are being sold
by 800 Travel Systems, Inc., a Delaware corporation (the "Company"). The
Common Stock and the Warrants (collectively, the "Securities") are being offered
separately and not as units, and each is separately transferable. Prior to this
Offering, there has been no public market for the Common Stock and the
Warrants. It is estimated that the initial public offering price will be $5.00 per
share for the Common Stock (the "Share Offering Price") and $.125 per Warrant.

Each Warrant entitles the holder to purchase one share of Common Stock at a
price of $6.25 per share during the five-year period commencing on the date of
this Prospectus. The Warrants are redeemable by the Company for $.05 per
Warrant on not less than 30 nor more than 60 days written notice if the closing
price for the Common Stock for seven trading days during a 10 consecutive
trading day period ending not more than 15 days prior to the date that the
notice of redemption is mailed equals or exceeds $10.00 per share, subject to
adjustment under certain circumstances and provided there is then a current
effective registration statement under the Securities Act of 1933, as amended (the
"Securities Act"), with respect to the issuance and sale of Common Stock upon the
exercise of the Warrants. Any redemption of the Warrants during the one-year
period commencing on January 13, 1998 shall require the written consent of
First London Securities Corporation, one of the representatives of the
Underwriters collectively, along with First Liberty Investment Group, Inc., the
"Representatives"). See "Description of Securities."

Lockup ending...