Sept 30 They show a total of 2.1 million wts but think zvuew comes from this offering>>>
On August 14, 2006, the Company sold 1.2 million units (consisting of one common
share and one five-year warrant to purchase an additional common share) to
investors. The units were sold for $4.85 and as a result the
Company received
net proceeds of approximately $5.1 million after cash offering costs ofapproximately $800,000. The warrants are exercisable at an exercise price of$6.06 or 125% of the unit offering price and are redeemable by the Company if the underlying common stock trades above $8.49 or 175% of the unit offering
price for 20 consecutive days. Contemporaneously with the offering the Companylisted its shares and units on the NASDAQ Capital Market and Boston Stock Exchange under the ZVUE, ZVUEU and HDE, HDEU symbols, respectively.
Smoke, I'm in for a few.
