Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: A little poisonous pill

Did you see this part of the prospectus supplement?

Exercise Limitation

A holder will not have the right to exercise any portion of the Warrant if the holder (together with its affiliates and any other persons acting as a group together with the holder or any of the holder's affiliates) would beneficially own in excess of 4.99% (or, upon election of holder prior to any issuance of Warrants, 9.99%) of the number of Common Shares outstanding immediately after giving effect to the exercise, as such percentage ownership is determined in accordance with the terms of the Warrants. However, any holder may increase or decrease such percentage to any other percentage not in excess of 9.99% upon written notice to the Corporation, provided that any increase in such percentage shall be effective 61 days following such written notice from the holder to the Corporation.

Makes me feel a little safer, as a cheep takeover by exercising the new warrants will be difficult!

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Nov 18, 2016 04:58PM
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