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Re: stills999 post# 3107

Tuesday, 08/24/2010 10:00:11 AM

Tuesday, August 24, 2010 10:00:11 AM

Post# of 9229
Most detailed Warrant information was (probably) released in 8-K around the time of the transation...

The latest 10-Q has this to say...
http://www.sec.gov/Archives/edgar/data/1111817/000101376210001159/form10q.htm

On October 29, 2009 (the “Closing Date”), the Company entered into a securities purchase agreement (the “Purchase Agreement”), with several investors, including institutional, accredited and non-US persons and entities (the “Investors”), pursuant to which the Company issued and sold units, comprised of its newly designated Series A Convertible Perpetual Preferred Stock (the “Series A Preferred Stock”), and warrants (the “Investor Warrants”), for a purchase price of US$1.10 per unit (the “October 2009 Financing”). The Company sold 13,499,274 units in the aggregate, which included (i) 13,499,274 shares of Series A Preferred Stock and (ii) Warrants to purchase an additional 13,499,274 shares of common stock at an exercise price of US$2.255 per share (the “Exercise Price”) with a three-year term. Gross proceeds totaled $14,849 thousand, net of issuance costs of $2,468 thousand. National Securities Corporation acted as placement agent and received (i) a placement fee in the amount equal to 6% of the gross proceeds, (ii) 50,000 shares of the Company’s common stock and (iii) warrants to purchase up to 1,349,927 shares of common stock at the Exercise Price with a three-year term (“Placement Agent Warrants” and together with the Investor Warrants, the “Warrants”). An additional 105,000 shares of the Company’s common stock, valued at $370 thousand, were issued to other third parties who provided assistance with the capital raise.

Sec is best place for this type of information... here's there search page...
http://www.sec.gov/edgar/searchedgar/companysearch.html

rich

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