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Entertainment Gaming Asia Inc. Message Board

  • kidecar kidecar Sep 4, 2007 12:17 AM Flag

    Up to 3.00 discount to 16M Elixir Warrants

    Oh well....so much for booking that Warrant revenue...

    "...In addition to the above, upon VendingData�s initial placement of 1,000 gaming machines in operation with gaming operators identified by Elixir, VendingData will reduce by $1.00 the exercise price of all warrants (other than 6,000,000 common share warrants priced at $2.65) sold to Elixir pursuant to the securities purchase agreement entered into in October 2006 (the �2006 Warrants�). When the cumulative number of gaming machines under contract reaches 2,000 units and the cumulative number of gaming machines in operation reaches 1,000 units, VendingData will further reduce by $1.00 the exercise prices of the 2006 Warrants. When the cumulative number of machines under contract reaches 3,000 units and the cumulative number of machines in operation reaches 2,000 units, VendingData will further reduce by $1.00 the exercise prices of the 2006 Warrants. "

    http://news.morningstar.com/news/ViewNews.asp?article=/BW/20070820005665_univ.xml&pgid=qtqnPress3

    "Pursuant to a Securities Purchase Agreement dated October 11, 2006 between the Company and Elixir, the Company sold to Elixir, for the aggregate price of $2.65 million, one million shares of the Company's common stock and warrants to purchase an additional 16 million shares of common stock. The warrants are exercisable at exercise prices ranging from $2.65 to $5.50 per share for a period of 36 months beginning on March 31, 2007."

    http://sec.edgar-online.com/2007/01/23/0000892569-07-000032/Section2.asp

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