SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Hyperfeed Technologies, Inc. (HYPR) -- Ignore unavailable to you. Want to Upgrade?


To: scouser who wrote (1891)5/8/1999 8:06:00 PM
From: scouser  Read Replies (2) | Respond to of 2231
 
From Edgar.. shares, shares everywhere....
" CERTAIN TRANSACTIONS

On December 17, 1998, our stockholders approved an agreement to convert $6.7
million of our debt owned by PICO Holdings, Inc. and its affiliate, Physicians
Insurance Company of Ohio, into convertible preferred stock and a warrant to
purchase shares of our common stock. The following day, we completed the
conversion of the $6.7 million debt, and issued:

(a)19,075 shares of our Series A preferred stock, convertible into a minimum
of 1,907,500 shares of our common stock, to Physicians Insurance Company
of Ohio;

(b)28,791 shares of our Series B preferred stock, convertible into a minimum
of 2,879,100 shares of our common stock, to PICO Holdings, Inc.; and

11

(c)a warrant expiring April 30, 2005 to purchase up to 3,106,163 shares of
our common stock at $1.575 per share, to PICO Holdings, Inc.

In addition, we extended the expiration date of warrants to purchase 949,032
shares of our common stock previously acquired by PICO Holdings, Inc. to April
30, 2005.