RE: Noveko System!I say they are coming free trading because they are. way too many placees.
closing date of the offering on May 30, 2007. 4 months from May 30th is September 30th.
Number of shares: 9.2 million Class A shares
Purchase price: $2.50 per Class A share
Warrants: 4.6 million Class A share purchase warrants to purchase 4.6 million Class A shares
Warrant exercise price: $3.35 during the 24 months following the closing of the private placement
Hidden placees: 175
Pro group participation: Joane L. Niding, 10,000; Andre Niding, 10,000; Annie Boissonneault, 12,000; Marc Beauchamp, 27,000; Robert Tranchemontagne, 5,000; Mariette Forest, 5,000; Benoit Parent, 5,000; Dominique Richer, 60,000; Jean-Pierre Janson, 20,000; Yves Pesant, 5,000; Louis Cote, 10,000
However, if, at any time commencing the 20th trading day prior to the expiry of the four-month hold period to which the securities offered hereunder are subject, the weighted average trading price of the common shares of the company is or exceeds $4.00 per common share for a period of 20 consecutive trading days, the company may accelerate the warrant expiry date by giving prior notice to the holders of warrants within 10 business days immediately following such 20-trading-day period and in such event, the warrants, if unexercised, will expire on the 30th calendar day following the date on which such notice will be deemed to have been received by such holders of warrants