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

To: Zeev Hed who wrote (2325)	4/5/1999 9:05:00 PM
From: dwight martin	Read Replies (2) \| Respond to of 7720

How do we characterize the placement as made at a premium? The company sold 440,893 shares of common stock at $13.61 per share, which represented a five percent discount from the average closing bid price for the 10 trading days ending March 30, 1999, of $14.33. In addition, the investor acquired two warrants to purchase additional common stock at higher prices, one with a 5-year term and the other with a 1-year term. Under the terms of the agreement, the company will register the shares issued in the initial sale and underlying the two warrants. 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. Going backwards from 30 March: 15.5; 15.75; 15.8125; 16.0625; 14.5; 13.125; 13.5; 13; 13; 13.5 (17 March)