To: WW.com who wrote (6993 ) 1/28/1999 7:42:00 PM From: RockyBalboa Read Replies (1) | Respond to
HEDGING TRANSACTIONS And Willie, how do you like that:edgar-online.com In addition, the selling shareholders or their successors in interest may enter into hedging transactions with broker-dealers who may engage in short sales of common stock in the course of hedging the positions they assume with the selling shareholders . The selling shareholders or their successors in interest may also enter into option or other transactions with broker-dealers that require the delivery to such broker-dealers of the shares of common stock, which shares may be resold thereafter pursuant to this prospectus . Shares of common stock to be sold hereunder may be issued upon conversion of the preferred stock and exercise of the warrants in accordance with their respective terms, or in other transactions with us involving the preferred stock or warrants, including, without limitation, issuance of shares of common stock in exchange for shares of preferred stock or warrants and issuance of shares of common stock pursuant to modification of the terms of the preferred stock or warrants, or in settlement of claims with respect to rights of holders of preferred stock or warrants. DO NOT BE SO NAIVE TO BELIEVE THAT DISCOUNT PREFERRED HOLDERS will stick to an $8 common when they get it at $3 according to the filing. Most of the investors have more common shares....
