InvestorsHub Logo
Post# of 353190
Next 10
Followers 4
Posts 1436
Boards Moderated 0
Alias Born 09/28/2006

Re: None

Wednesday, 02/13/2008 2:44:05 PM

Wednesday, February 13, 2008 2:44:05 PM

Post# of 353190
SPAB

12O M / 5 M shares = $24

The Series D convertible preferred stock will be converted into common stock six months after issuance based on a ratio determined by dividing $100.00 by the average of (x) the average of the closing price of the Company’s common stock for the business days January 18-25, 2008 and (y) the average of the closing price of the Company’s common stock for the five business days prior to the Company’s receipt of written notification from NASA indicating the Company’s receipt of a COTS award of at least $120 million.

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.