-All outstanding shares of Series E preferred stock automatically convert in the event the volume weighted average price of our common stock, calculated in accordance with the terms of the Series E preferred stock, exceeds $2.00 for 20 consecutive trading days, provided there is an effective registration statement covering the resale of the shares of common stock so issuable.
-For as long as any shares of Series E preferred stock remain outstanding we are prohibited from taking certain actions or entering into certain transactions without the prior consent of specific holders of outstanding shares of Series E preferred stock (currently consisting of Xmark Opportunity Fund, L.P., Xmark Opportunity Fund, Ltd., and Xmark JV Investment Partners, LLC (collectively, the “Xmark Funds”), the OrbiMed affilated funds and Purdue ).
das sagt für mich ganz klar aus, dass Purdue und auch andere Besitzer von Prefered share, garantiert kein Interesse an Kursen über 2 USD für 20 Tage haben, denn Sie verlieren einige REchte, die Sie zur Zeit noch haben und mit denen Sie Novelos noch blockieren können in einigen Bereichen ! Gerne werde ich korrigiert !
hab ich im wallstreet online gelesen |
