SiNtx Technologies Inc (SINT)

[dp60]

Boston745, CL101, fwiw I'm reposting my earlier reply to CL below. I read the S-1 as setting the conversion price (set price) "immediately preceding" the offering. Not 40 days after the offer expires.

glta

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Hi CL101, Thanks as always for your analysis.

I'm reading this portion of the text you referenced differently:

"The Conversion Price for the Series B Preferred Stock is equal to, for the first 40 trading days following the expiration of the Rights Offering, $ per share of Common Stock which price shall be determined by negotiations between the Company and the Dealer-Manager based upon the price of the Company’s Common Stock immediately preceding the offering, referred to as the Set Price,..."


Thus the set price appears to be based on common stock price preceding the offering not 40 days after the offer expires. ? Am i reading your interpretation correctly?


glta