ISCO
En realidad es una reventa de preferentes convertidas a acciones comunes contemplada en el filling anterior del 14 de octubre; nada nuevo. En principio, debería aguantar los 0,06447, que es el precio de venta estipulado y el que mantuvo ese 14 de octubre.
The securities purchase agreement entered into in the Private Placement requires us to hold a special meeting of stockholders to seek stockholder approval of an increase in the number of authorized shares of common stock under our certificate of incorporation to 720,000,000 shares and approve a reverse stock split. In connection with the Private Placement, we also entered into a registration rights agreement, as amended, with the investors pursuant to which we are obligated to file registration statements to register the resale of (i) 200% of the shares of Common Stock issuable upon conversion of the Series H Preferred Stock, and (ii) 100% of the shares of common stock issuable upon exercise of the warrants. In addition to the registration rights, the Purchasers are entitled to receive liquidated damages upon the occurrence of a number of events relating to filing, getting effective and maintaining effective registration statements covering the shares underlying the Series H Preferred Stock and the Warrants, including the failure of the Company to file a resale registration statement by no later than November 13, 2014 and the failure of the Company to have such resale registration statement declared effective by the Securities and Exchange Commission (the “SEC”) by no later than December 13, 2014, subject to certain exceptions.
Subject to certain ownership limitations with respect to the Series H-1 Preferred Stock, the Series H Preferred Stock is convertible at any time into shares of Common Stock at an initial conversion price of $0.06447 per share.
Common stock outstanding as of October 31, 2014: 224,304,073 shares(1)
Common stock to be outstanding after giving effect to the total issuance of 77,555,452 shares remaining to be sold to Purchasers under the Purchase Agreement registered hereunder:
301,859,525 shares
«Después de nada, o después de todo/ supe que todo no era más que nada.»