Market for Shares. The purchase of Shares pursuant to the Offer will reduce the number of Shares that might otherwise trade publicly and will reduce the number of holders of Shares. This could adversely affect the liquidity and market value of the remaining Shares held by the public. Depending upon the number of Shares purchased pursuant to the Offer, the Shares may no longer meet the requirements of the NASD for continued inclusion in the Nasdaq National Market, which require that an issuer have at least 200,000 publicly held shares, held by at least 400 stockholders or 300 holders of round lots, with a market value of at least $1,000,000 and have net tangible assets of at least $1,000,000. If the Shares were no longer eligible for inclusion in the Nasdaq National Market, they may nevertheless continue to be included in the Nasdaq SmallCap Market unless, among other things, the number of holders of Shares were to fall below 300, the number of publicly held Shares were to fall below 100,000 or there were not at least two registered and active market makers for Shares, in which case the NASD's rules provide that the Shares would no longer be "qualified" for Nasdaq Stock Market reporting and the Nasdaq Stock Market would cease to provide any quotations. Shares held directly or indirectly by directors, officers or beneficial owners of more than 10% of Shares are not considered as being publicly held for this purpose. The Company has informed Purcxxxxx xxxt, as of November 20, 1997, there were approximately 1,245 holders of record or through nominee or street name accounts with brokers of Shares and that, as of close of business on such date, 29,723,431 Shares were issued and outstanding. If, as a result of the purchase of Shares pursuant to the Offer or otherwise, the Shares no longer meet the requirements of the NASD for continued inclusion in the Nasdaq National Market or in any other tier of the Nasdaq Stock Market and Shares are no longer included in the Nasdaq National Market or in any other tier of the Nasdaq Stock Market, as the case may be, the market for Shares could be adversely affected. In the event that Shares no longer meet the requirements of the NASD for continued inclusion in any tier of the Nasdaq Stock Market, it is possible that such Shares would continue to trade on other securities exchanges or in the over-the-counter market and that price quotations would be reported by such exchanges or through other sources. However, the extent of the public market for ...
Market for Shares. The purchase of Shares by Purchaser pursuant to the Offer will reduce the number of Shares that might otherwise trade publicly and may reduce the number of holders of Shares, which could adversely affect the liquidity and market value of the remaining Shares held by the public. After the Merger, other than Crane or any of its affiliates, there will be no holders of Shares. Stock Quotation. The Shares are currently quoted on the Nasdaq National Market. According to published guidelines of the National Association of Securities Dealers, in order for the Shares to continue to be eligible for quotation on Nasdaq, the Shares must substantially meet, among other things, either of the following: (i) (A) at least 750,000 Shares must be publicly-held, (B) the market value of publicly-held Shares must be at least $5,000,000, (C) Signal must have stockholders' equity of at least $10,000,000, (D) there must be at least 400 holders of round lots of Shares, (E) the bid price per Share must be at least $1 and (F) there must be at least two registered and active market makers for the Shares or (ii) (A) at least 1,100,000 Shares must be publicly-held, (B) the market value of publicly held Shares must be at least $15,000,000, (C) the bid price per Share must be at least $3, (D) there must be at least 400 holders of round lots of Shares, (E) there must be at least four registered and active market makers and (F) either (x) the market value of the Shares must be at least $50,000,000 or (y) the total assets and total revenue of Signal for the most recently completed fiscal year or two of the last three most recently completed fiscal years must be at least $50,000,000. Shares held directly or indirectly by directors, officers or beneficial owners of more than ten (10%) percent of the Shares are not considered as being publicly-held for this purpose. According to information furnished to Purchaser by Signal, as of the close of business on April 21, 2003, there were 76 holders of record of Shares, not including beneficial owners of Shares held in street name, and as of April 24, 2003 there were 10,457,887 Shares outstanding. If the Shares were to cease to be quoted on the Nasdaq National Market, the market for Shares would be adversely affected. It is possible that the Shares would be traded or quoted on other securities exchanges or in the over-the- counter market, and that price quotations would be reported by such exchanges or other sources. The extent of the public market for...
Market for Shares. The Conveyor is aware that there is presently a market for the resale of Company's stock but that there are no assurances that a market may exist in the future for such resale, and the Conveyor understands that the Company shares are a speculative investment that involves substantial risk and the Conveyor may lose his entire investment.
Market for Shares. The Company is aware that there is presently a market for the resale of Crownbutte's stock but that there are no assurances that a market may exist in the future for such resale, and the Company understands that the Crownbutte shares are a speculative investment that involves substantial risk and the Company may lose its entire investment.
Market for Shares. The purchase of Shares pursuant to the Offer will reduce the number of holders of Shares and the number of Shares that might otherwise trade publicly, which could adversely affect the liquidity and market value of the remaining Shares held by shareholders. Neither Purchaser nor its affiliates can predict whether the reduction in the number of Shares that might otherwise trade publicly would have an adverse or beneficial effect on the market price for, or marketability of, Shares or whether such reduction would cause future market prices to be greater or less than the Offer Price.
Market for Shares. If the Offer is consummated and we accordingly acquire a number of Shares that satisfies the Minimum Condition and the other conditions to the Merger are satisfied or waived, then, in accordance with the terms of the Merger Agreement, we will effect the Merger as soon as practicable following the consummation of the Offer. As a result of the Merger, there will be no public or other market for the Shares.
Market for Shares. If the Offer is consummated, there will be no market for Shares because Purchaser intends to effect the Merger as promptly as practicable following the closing of the Offer.
Market for Shares. The purchase of the Shares by Purchaser pursuant to the Offer will reduce the number of Shares that might otherwise trade publicly and may reduce the number of holders of Shares, which could adversely affect the liquidity and market value of the remaining Shares, if any, held by shareholders other than Purchaser. Engility and Purchaser cannot predict whether the reduction in the number of Shares that might otherwise trade publicly would have an adverse or beneficial effect on the market price for, or marketability of, the Shares or whether such reduction would cause future market prices to be greater or less than the price paid in the Offer. The extent of the public market for Shares and the availability of quotations reported in the over-the-counter market depend upon the number of shareholders holding the Shares, the aggregate market value of the Shares remaining at such time, the interest of maintaining a market in the Shares on the part of any securities firms and other factors.
Market for Shares. Veridien common shares shall be publicly trading over the OTCBB. Veridien shall be current and up-to-date in all of its filings and shall have a relationship with a market maker to trade Veridien Common Shares on the OTCBB.
Market for Shares. The purchase of Shares pursuant to the Offer will reduce the number of Shares that might otherwise trade publicly and could adversely affect the liquidity and market value of the remaining Shares held by the public. STOCK QUOTATION. The Shares are quoted on the OTC Bulletin Board. According to the OTC Bulletin Board's guidelines, the Shares are eligible for quotation on the OTC Bulletin Board if, among other things, the Company is required to file periodic reports under the Exchange Act. If the registration of the Shares under the Exchange Act is terminated as described below, the Shares shall no longer be eligible for quotation on the OTC Bulletin Board.
