正文
CXDC是和几个同学私下交流的，结果一说就见光Ｓ了．
但我还是长期看好她．．准备养她到二八佳人出嫁的那天.
CXDC SEC Ｆiling
The real reason CXDC is down 5-Mar-10 10:15 am
The Effective Date for the Series B warrants was Friday, Feb 19th, so the Date of Determination was 6 days after = Monday, March 1st). The number of shares to be issued is based on the dif between $4.60 and the emarket value defined as the avg price during the 6 days of this Determination Date (the period we\'re in right now), which began March 1, when the stock tanked. The stock will rebound on Wednesday, March 10th.
Ref:
http://secfilings.nasdaq.com/filingFrame...
Terms of Exercise of Series B Warrant
The Series B Warrants are exchangeable for a maximum of 1,178,722 shares of Common Stock at an exercise price of $0.0001 per share. The Series B Warrants automatically become exercisable into shares of Common Stock on the date (the First Date of Determination) that is six trading days after the earlier of the date that the shares of Common Stock underlying the Series C Preferred Stock and the Warrants are initially registered under an effective resale registration statement (the Effective Date) or the six month anniversary of the Closing Date (the Exemption Date) if the market value of the Company\'s Common Stock (as described below) is less than $4.60. The number of shares issuable under the Series B Warrant on the First Date of Determination shall be based upon the difference between $4.60 and the market value of our Common Stock (the Initial Issuance). The Series B Warrant also provides for the additional issuance of shares of Common Stock under the Series B Warrant if the initial resale registration statement does not register all of the shares of Common Stock underlying the Series C Preferred Stock. Such subsequent issuance would occur on the date that is six trading days after the later of the Effective Date or the Exemption Date (the Second Date of Determination). The number of additional shares issuable would be determined in the same manner as the Initial Issuance.
The market value of the Common Stock shall be calculated as 82.5% of the lower of (1) the arithmetic average of the weighted average price of the Common Stock for each trading day during the five (5) consecutive trading days immediately preceding the applicable date of determination, and (2) the closing bid price of the Common Stock on the trading day immediately preceding the First Date of Determination or the Second Date of Determination, as applicable, but will not result in a market price lower than $4.00. If the market value of our Common Stock is not less than $4.60 during each of two applicable pricing periods, no shares of Common Stock would be issuable under the Series B Warrant.
The real reason CXDC is down
但我还是长期看好她．．准备养她到二八佳人出嫁的那天.
CXDC SEC Ｆiling
The real reason CXDC is down 5-Mar-10 10:15 am
The Effective Date for the Series B warrants was Friday, Feb 19th, so the Date of Determination was 6 days after = Monday, March 1st). The number of shares to be issued is based on the dif between $4.60 and the emarket value defined as the avg price during the 6 days of this Determination Date (the period we\'re in right now), which began March 1, when the stock tanked. The stock will rebound on Wednesday, March 10th.
Ref:
http://secfilings.nasdaq.com/filingFrame...
Terms of Exercise of Series B Warrant
The Series B Warrants are exchangeable for a maximum of 1,178,722 shares of Common Stock at an exercise price of $0.0001 per share. The Series B Warrants automatically become exercisable into shares of Common Stock on the date (the First Date of Determination) that is six trading days after the earlier of the date that the shares of Common Stock underlying the Series C Preferred Stock and the Warrants are initially registered under an effective resale registration statement (the Effective Date) or the six month anniversary of the Closing Date (the Exemption Date) if the market value of the Company\'s Common Stock (as described below) is less than $4.60. The number of shares issuable under the Series B Warrant on the First Date of Determination shall be based upon the difference between $4.60 and the market value of our Common Stock (the Initial Issuance). The Series B Warrant also provides for the additional issuance of shares of Common Stock under the Series B Warrant if the initial resale registration statement does not register all of the shares of Common Stock underlying the Series C Preferred Stock. Such subsequent issuance would occur on the date that is six trading days after the later of the Effective Date or the Exemption Date (the Second Date of Determination). The number of additional shares issuable would be determined in the same manner as the Initial Issuance.
The market value of the Common Stock shall be calculated as 82.5% of the lower of (1) the arithmetic average of the weighted average price of the Common Stock for each trading day during the five (5) consecutive trading days immediately preceding the applicable date of determination, and (2) the closing bid price of the Common Stock on the trading day immediately preceding the First Date of Determination or the Second Date of Determination, as applicable, but will not result in a market price lower than $4.00. If the market value of our Common Stock is not less than $4.60 during each of two applicable pricing periods, no shares of Common Stock would be issuable under the Series B Warrant.
The real reason CXDC is down
评论
目前还没有任何评论
登录后才可评论.
