Thursday, July 17, 2008 1:40:18 PM
QTWW Showing Great Strength in a Hellish Bear-Market ...
even with the announcement of the planned raising of the 75 mil. by selling shares from Time to Time....
What a great valuation of QTWW in Post # 907...
and then another one...
Post # 905 about the upcoming raising of the 75 mil. by selling stock by Recognizer in which he made the following statement...
"Dilution is only bad when you don't receive a greater benefit in return.
If dilution is used properly and the results is a substantial increase in stock price then management did what was in the best interest of shareholders."
These are my sentiments also.
$ $ $ $ $ $ $
QTWW Share Structure Information :
The following summary of the material features of QTWW capital stock does not purport to be complete and is subject to, and qualified in its entirety by, the provisions of our amended and restated certificate of incorporation, our amended and restated bylaws and other appropriate law.
Authorized Capital Stock
Under our amended and restated certificate of incorporation, as amended, we have the authority to issue a total of 270.0 million shares of all classes of stock, of which 20.0 million may be shares of preferred stock and 250.0 million may be shares of common stock. Of the authorized shares of common stock, 2.0 million shares are designated as Series B common stock.
As of May 30, 2008, there were a total of 78.0 million shares of common stock and 1.0 million shares of Series B common stock issued and outstanding. No shares of preferred stock were outstanding as of such date.
As more fully described in our Annual Report on Form 10-K for the fiscal year ended April 30, 2008,
there are approximately 65.1 million shares designated for future issuance of our common stock as of May 30, 2008 consisting of:
6.0 million shares associated with outstanding stock options,
19.7 million shares associated with outstanding warrants,
16.9 million shares upon conversion of principal and a “Make-Whole Amount” provision under a convertible note, and
22.5 million shares for potential repayment of principal in lieu of cash under three term note obligations.
We also secured a $10.0 million unconditional commitment from our lender that expires on August 31, 2009 that outlines certain structures that could result in additional shares of our common stock being issued in satisfaction of the amounts drawn.
To date, we have not drawn any funds on this commitment.
Warrants
In connection with the private placement that closed on June 22, 2007, we issued “A” warrants to the investors to purchase an aggregate of 12.5 million shares of our common stock at an exercise price of $2.09.
The warrants expire on December 22, 2014.
Also in connection with the private placement that closed on June 22, 2007, we issued “B” warrants to the investors that participated in the private placement that closed on October 27, 2006 to purchase an aggregate of 2.5 million shares of our common stock at an exercise price of $2.09.
The warrants were issued in consideration of the investors’ waiver of certain rights. The warrants expire on December 22, 2014.
In connection with the private placement that closed on October 27, 2006, the investors have warrants which entitle them to purchase an aggregate of 3.8 million shares of our common stock at a price of $1.50. The warrants expire on April 27, 2014.
In connection with the private placement that closed on June 29, 2006, we issued warrants to the investors to purchase an aggregate of 0.9 million shares of our common stock at an exercise price of $3.94 per share.
These warrants expire on June 29, 2011.
Convertible Debt
In connection with the restructure of our credit facility that occurred on January 16, 2008, we issued a convertible promissory note in the principal amount of $16.2 million.
The outstanding principal is convertible into shares of our common stock at a price of $1.35 per share.
The terms of the convertible note, as amended on May 30, 2008, also entitle the holder to receive upon conversion of all or part of the outstanding balance, the sum of each coupon that would otherwise have been paid on the portion of the convertible note so converted, which amount is payable in shares of the Company’s common stock using a per share price of $1.50.
Transfer Agent and Registrar:
The transfer agent and registrar for our common stock is Mellon Investor Services, LLC.
$ $ $ $ $ $ $ $ $ $ $
"STILL ACCUMULATING"... a few shares for the long term investment with QTWW !
I`m in @ ...
1.25
2.13
2.23
I really feel that this company will be one of the best company I have ever invested in !
Have A Great Trading Day !
S T 1
Jim Cramer Offers a Strategy for Scaredy Cats
even with the announcement of the planned raising of the 75 mil. by selling shares from Time to Time....
What a great valuation of QTWW in Post # 907...
and then another one...
Post # 905 about the upcoming raising of the 75 mil. by selling stock by Recognizer in which he made the following statement...
"Dilution is only bad when you don't receive a greater benefit in return.
If dilution is used properly and the results is a substantial increase in stock price then management did what was in the best interest of shareholders."
These are my sentiments also.
$ $ $ $ $ $ $
QTWW Share Structure Information :
The following summary of the material features of QTWW capital stock does not purport to be complete and is subject to, and qualified in its entirety by, the provisions of our amended and restated certificate of incorporation, our amended and restated bylaws and other appropriate law.
Authorized Capital Stock
Under our amended and restated certificate of incorporation, as amended, we have the authority to issue a total of 270.0 million shares of all classes of stock, of which 20.0 million may be shares of preferred stock and 250.0 million may be shares of common stock. Of the authorized shares of common stock, 2.0 million shares are designated as Series B common stock.
As of May 30, 2008, there were a total of 78.0 million shares of common stock and 1.0 million shares of Series B common stock issued and outstanding. No shares of preferred stock were outstanding as of such date.
As more fully described in our Annual Report on Form 10-K for the fiscal year ended April 30, 2008,
there are approximately 65.1 million shares designated for future issuance of our common stock as of May 30, 2008 consisting of:
6.0 million shares associated with outstanding stock options,
19.7 million shares associated with outstanding warrants,
16.9 million shares upon conversion of principal and a “Make-Whole Amount” provision under a convertible note, and
22.5 million shares for potential repayment of principal in lieu of cash under three term note obligations.
We also secured a $10.0 million unconditional commitment from our lender that expires on August 31, 2009 that outlines certain structures that could result in additional shares of our common stock being issued in satisfaction of the amounts drawn.
To date, we have not drawn any funds on this commitment.
Warrants
In connection with the private placement that closed on June 22, 2007, we issued “A” warrants to the investors to purchase an aggregate of 12.5 million shares of our common stock at an exercise price of $2.09.
The warrants expire on December 22, 2014.
Also in connection with the private placement that closed on June 22, 2007, we issued “B” warrants to the investors that participated in the private placement that closed on October 27, 2006 to purchase an aggregate of 2.5 million shares of our common stock at an exercise price of $2.09.
The warrants were issued in consideration of the investors’ waiver of certain rights. The warrants expire on December 22, 2014.
In connection with the private placement that closed on October 27, 2006, the investors have warrants which entitle them to purchase an aggregate of 3.8 million shares of our common stock at a price of $1.50. The warrants expire on April 27, 2014.
In connection with the private placement that closed on June 29, 2006, we issued warrants to the investors to purchase an aggregate of 0.9 million shares of our common stock at an exercise price of $3.94 per share.
These warrants expire on June 29, 2011.
Convertible Debt
In connection with the restructure of our credit facility that occurred on January 16, 2008, we issued a convertible promissory note in the principal amount of $16.2 million.
The outstanding principal is convertible into shares of our common stock at a price of $1.35 per share.
The terms of the convertible note, as amended on May 30, 2008, also entitle the holder to receive upon conversion of all or part of the outstanding balance, the sum of each coupon that would otherwise have been paid on the portion of the convertible note so converted, which amount is payable in shares of the Company’s common stock using a per share price of $1.50.
Transfer Agent and Registrar:
The transfer agent and registrar for our common stock is Mellon Investor Services, LLC.
$ $ $ $ $ $ $ $ $ $ $
"STILL ACCUMULATING"... a few shares for the long term investment with QTWW !
I`m in @ ...
1.25
2.13
2.23
I really feel that this company will be one of the best company I have ever invested in !
Have A Great Trading Day !
S T 1
Jim Cramer Offers a Strategy for Scaredy Cats
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