Past year: ▲ 38%(1.56 – 5.94 USD)
Each one in plain English, with the numbers worked through for a shareholder.
18 Oct 2005capital raising announcement● NeutralMajor
On October 12, 2005, 2,519,664 preferred shares were converted into the same number of common shares, with directors and related holders among the converters (e.g. Hurtt trust 375,000, Todres 200,000, Barrett-related holders). Sovereign Bank also waived certain note terms, including the restriction on a 25%+ ownership change and the restriction on paying dividends.
3 Aug 2005capital raising announcement● Neutral
On July 29, 2005 the company issued 103,000 new common shares (100,000 to Sidney Todres, 3,000 to an IRA account) when holders converted the same number of 8-1/2% Senior Convertible Preferred shares. This slightly increases common shares outstanding and reduces preferred shares.
