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

To: dwight martin who wrote (2314)	4/5/1999 5:59:00 PM
From: Razorbak	Read Replies (2) \| Respond to of 7720

Terms <<Included in the terms is a provision that could result in a one-time adjustment in the number of common shares in the initial sale (but not the warrants) to a fixed maximum. The adjustment would be triggered, only in the event that the market price of Microvision common stock is less than $13.61 on the date of the effectiveness of the registration. Microvision intends to immediately file an S-3 registration statement covering the shares of common stock.>> The specific terms governing this adjustment (rate and cap) will be interesting to peruse. Razor

To: dwight martin who wrote (2314)	4/14/1999 12:43:00 PM
From: dwight martin	Read Replies (1) \| Respond to of 7720

This is the operative lingo from the revised PR: Terms of the transaction include a provision that could result in a one-time issuance of a limited number of additional shares if the market price of the company's common stock is less than $14.33 on the date of effectiveness of the registration statement. The company intends to promptly file a registration statement covering the shares of common stock. I wonder whether they mean a $14.33 "closing price" or just that the stock must trade at that price during the day . . . . Yesterday, for instance, the low trade was $14.375.