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PCS Edventures!.com, Inc. Message Board

  • bptg320 bptg320 Jun 11, 2007 7:03 PM Flag

    Let me point out the positives for the 424b3 filing

    1. NO downward adjustment in the exercise price, which as .15 per share, that was based on failure to meet certain EBITDA targets of 4.5m fye07, so if it takes them a little longer to get the cash from the King, so be it, don't have to worry about all these shares at .15
    2.New clause allowing PCSV to convert up to 460,000 shares of common stock following each quarter during which the average closing bid price of common stock exceeds .88 per share(class A warrants) and 1.26 per share(class b warrants), which will be the case at the end of June 07 for 1st quarter bringing in cash flow

    3. And if for some reason the cash comes in to PCSV before the end of the month they will be sitting pretty, with a ton of cash and warrants way below stock price

    Great Job Tony

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