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Microcap & Penny Stocks : Microvision (MVIS) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (2277)	4/1/1999 12:56:00 PM
From: dwight martin	Read Replies (1) \| Respond to of 7720

From MVIS website, mvis.com: Listen to a recording of our latest investor telephone conference call (week of 3-20-99, I think-- dm). Contact (703) 925-2435. Enter password code: 1400992" When and where was Microvision incorporated? Microvision, Inc. was incorporated in May 1993 in Seattle, Washington. When did the company go public? Microvision went public on August 27, 1996. At what price? How many shares outstanding? The initial offering was for 2,250,000 units at $8.00 per unit. Each unit consisted of one share of the company's common stock and one warrant to purchase one share of the common stock. What are the terms of the warrants? Each warrant gives the holder the right to purchase one share of Microvision common stock at $12.00 per share for a period of five years from the August 27, 1996 offering date. The warrants are callable at $0.25 per warrant if the common stock trades at $24.00 per share for 20 consecutive days. The warrants may be exercised at any time, but must be converted (or they will get called) if the stock trades at or above $24 for 20 straight trading days. I know that many on this thread believe that after the qualifying condition (20 days' trading of the common at or above $24) there will be an additional period during which the warrants may be converted before they are called at $0.25. I believe that is reasonable, but would like to see an authoritative source for that proposition. Meantime I will assume the worst case, which is that on the first day after the 20th consecutive day the common trades at $24 or above, the warrants will automatically be called and be worth only $0.25. I know that the worst case assumption has a Draconian (or is it Procrustean?) quality, but it wouldn't be the first time. . . . I think the number of warrants (see above) is at least 2.25MM MVISW (mebbe more) plus some others (non-MVISW) with different terms. George Galpin will know about the warrants, though, he has most of them <g> . BTW, I agree with some of post #2278, and wonder if you have a position.