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Alias Born 02/19/2001

Re: Bird of Prey post# 347

Monday, 07/16/2001 7:14:46 PM

Monday, July 16, 2001 7:14:46 PM

Post# of 1335
Nice spelling, bop wink

If we satisfy the conditions that allow us to draw down the entire $15 million available under the equity line, and we choose to do so, then generally, as the market price of our common stock decreases, the number of shares we will have to issue increases.

The future issuance of additional shares of our common stock under the equity line agreement and upon exercise of the warrants issued to Jameson will result in dilution to our stockholders. Also, the market price for our common stock could drop due to sales of a larger number of shares of our common stock or the perception that the sales could occur. These factors could also make it more difficult for us to raise funds through future offerings of common stock.

The risk of dilution of our common stock may cause third parties to engage in short sales of our common stock

The perceived risk of dilution may cause our stockholders to sell their shares, which would contribute to a downward movement in the stock price of our common stock. Moreover, the perceived risk of dilution and the resulting downward pressure on our stock price could encourage third parties to engage in short sales of our common stock. By increasing the number of shares offered for sale, material amounts of short selling could further contribute to progressive price declines in our common stock.


http://realtimefilings.nasdaq.com/ShowFilingDoAction.asp?FileName=0000930661%2D01%2D501228%2Etxt&...


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Just say NO to stock fraud!


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Just say NO to stock fraud!

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