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

To: dwight martin who wrote (2426)	4/16/1999 12:52:00 AM
From: Larry Brubaker	Respond to of 7720

dwight, it looks to me like if the price closes below $13.61 on the day the registration is effective (or the average closing price was below $13.61 in the 10 trading days preceeding the effective date), then there is an adjustment in the number of shares issued, up to a maximum of 666,667 shares. Looking at the big picture, this does not seem to be a big deal to me. Even under the worst case scenario (price falls to about $9.50 before the effecctive date), they still get $6 million for no more than 666,667 shares. There are many R&D companies that would be thrilled to raise money under such terms.