FTUS-I'm in now, you guys see this read:
FTUS just did a placement at 5 bucks a share...I'd say we have value here boys read on from sec filing ....On August 20, 2003, we sold 2,450,000 shares of common stock at $5.00
per share to accredited investors and received approximately $11.6
million in net proceeds, after deducting placement fees and other
expenses. This transaction also provides for warrants to purchase
490,000 shares at the same price as the initial shares purchased
exercisable until 90 days after the effective date of the registration
statement filed for the resale of the initial shares. In addition to
the placement fees, the placement agent received warrants to purchase
112,500 shares of our common stock at an exercise price of $6.00 per
share. These warrants will expire in August 2006. Depending on the
number of additional shares purchased by investors, the placement agent
is entitled to receive additional fees and an additional warrant to
purchase up to 22,500 shares at $6.00 per share.
