3DM Worldwide - Superstock??

Adie, would like very much to see the link for this post below, or where it appears.
In the last annual report, authorised number of shares was 200m, issued 66.7m.
So there's 133.3m shares to throw into the pot as and when necessary.


Adie2001 - 1 Jan'06 - 12:37 - 16182 of 16190

graham - the agreement with Cornell was approved to issue 6,666,667 shares for $5m credit line, which is available to be drawn down in 3 tranches IIRR, entirely at the Companys discretion. There is no firm committment to draw down this line of financing. However, at 75p a share, the terms don't look very favourable now, so they may need to pass a new resolution to be able to draw down the full amount. At the moment if Cornell allow a change in the terms, then they could draw down up to my $2m. That is my interpretation of the agreement anyway, or at least from all the bits that have been made public - of course I have not actually seen the actual agreement.