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hi very new to site. took forever to find my way around. just wanted to know about cwir. does anyone know anything about how this stock does. pls. let me know. thx.
Posts: 24 | Registered: Feb 2005
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Entry Material Agreement, Financial Statements and Exhibits
Item 1.01 Entry into a Material Definitive Agreement.
On January 31, 2005, Central Wireless, Inc. (the "Company") entered into a Securities Purchase Agreement with the following parties: AJW Partners, LLC, AJW Qualified Partners, LLC, AJW Offshore, Ltd and New Millennium Capital Partners II, LLC (collectively the "Investors"). Pursuant to the terms of the Securities Purchase Agreement, the Investors collectively purchased a total of Two Hundred Fifty Thousand Dollars ($250,000) of 8% convertible debentures from the Company and warrants to purchase Seven Hundred Fifty Thousand (750,000) shares of the Company's common stock. The conversion price under the convertible debentures is equal to the lesser of (i) 50%, multiplied by the average of the lowest three trading prices for our common stock during the 20 trading days immediately prior to the notice of conversion, and (ii) a fixed conversion price of $0.005. The convertible debentures are secured by all of the assets of the Company. The exercise price under the warrants is $0.005 per share. The convertible debentures mature on January 31, 2005 and the warrants expire on January 31, 2007.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibit No. Description
Exhibit Description Location ------- ----------- -------- Securities Purchase Agreement by and among the Company and the Exhibit 99.1 Investors Provided herewith
Exhibit 99.2 Form of Callable Secured Convertible Debenture Provided herewith
Exhibit 99.3 Form of Warrant Provided herewith
Exhibit 99.4 Registration Rights Agreement by and among the Company and the Investors Provided herewith
Exhibit 99.5 Security Agreement by and among the Company and the Investors Provided herewith
Intellectual Property Security Agreement by and among the Company and Exhibit 99.6 the Investors Provided herewith
Posts: 177 | From: Boston | Registered: Mar 2004
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