Nephros Inc (NEPH)

[bob_fr_newnan_ga]

NEPH
Minimum price 1.50.

"We are offering up to 10,000,000 shares of our common stock, $0.001 par value, on a best efforts basis at a price per share equal to a discount of 15% to the daily volume-weighed average of actual trading prices for our common stock for the 10 consecutive trading days immediately prior to a closing date. The per share purchase price, however, will not be less than $1.50. We intend to conduct one or more closings for the sale of our common stock, which will depend on investor demand for the stock and closing conditions that they may impose."