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Re: Snackman post# 88179

Monday, 07/25/2005 11:27:45 AM

Monday, July 25, 2005 11:27:45 AM

Post# of 249374
I realize the exercise price has changed but I thought the warrants expire in '06...

On August 2, 2004, we sold 3,529,412 shares of Class A Common Stock for $0.85 per share, for which we received $2,777,897, after paying underwriter and other fees. In addition, a total of 3,529,412 shares were offered in connection with this sale and issuance of these shares, in the form of an additional investment right with an exercise price of $1.00 per share and warrants for 4,411,765 shares at exercise prices ranging from $1.15 to $1.30 per share. The additional investment right expired on November 2, 2004. The warrants are exercisable during the period January 30, 2005 through January 30, 2006, and if exercised, may yield approximately $5.0 million in proceeds, net of offering expenses.

Has the date been amended? Different warrants? TIA, vickers
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