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| OTCBB: EIPC |
Warrant Details
Enable IPC Corporation recently announced that it will issue warrants to all shareholders as
of May 8, 2009.
The warrants are agreements that give the shareholder the right, but not the obligation, to
purchase shares at a set price for a set period of time.
Details on these warrants are as follows:
1 warrant for every 2 shares
Each Enable IPC shareholder will receive warrants to purchase one share of common stock
for every 2 shares of common stock held as of May 8, 2009. For example, if you owned
50,000 shares on May 8, 2009, you would receive warrants to purchase an additional 25,000
shares.
Exercise prices and expiration dates
The warrants issued will be equally divided into four pricing tiers. The first tier will have an
exercise price of $0.01 per share and will expire on July 31, 2009. The second tier will have
an exercise price of $0.02 per share and will expire on October 31, 2009. The third tier will
have an exercise price of $0.04 and will expire on January 31, 2010. The final tier will have
an exercise price of $0.08 and will expire on April 30, 2010.
As an example, if a shareholder held 50,000 shares, that shareholder will receive a total of
25,000 warrants in the following amounts, with the following prices and expiration dates:
Warrants to purchase 6,250 shares at $0.01, expiring on July 31, 2009
Warrants to purchase 6,250 shares at $0.02, expiring on October 31, 2009
Warrants to purchase 6,250 shares at $0.04, expiring on January 31, 2010
Warrants to purchase 6,250 shares at $0.08, expiring on April 30, 2010
Total number of warrants: 25,000 (6,250 x 4).
Shares purchased will be restricted from immediate sale
In accordance with SEC rules, the common stock purchased from the exercise of the
warrants will remain restricted from sale on the open market for a period of one year from the
date of exercise, unless otherwise registered by the Company.
After they have been held for one year, the shareholder's broker (or the company) can help
the shareholder in removing the restriction.
Warrant agreements will be mailed on May 20
The warrant agreements will be mailed on May 20, 2009. If you do not receive your warrant
agreement by May 31, please contact the company at info@enableipc.com.
Other information
Shareholders need not do anything until they wish to exercise the warrants. When the
shareholder wishes to exercise the warrants (i.e., purchase the shares), the shareholder
needs to complete the Subscription Form and submit it to the company with payment. If the
shareholder chooses not to exercise, the shareholder need not do anything. The
opportunity to purchase the shares will expire on the expiration date.
Questions
If you have any questions at all about the warrants, feel free to contact us at
info@enableipc.com or call (661) 775-9273.
of May 8, 2009.
The warrants are agreements that give the shareholder the right, but not the obligation, to
purchase shares at a set price for a set period of time.
Details on these warrants are as follows:
1 warrant for every 2 shares
Each Enable IPC shareholder will receive warrants to purchase one share of common stock
for every 2 shares of common stock held as of May 8, 2009. For example, if you owned
50,000 shares on May 8, 2009, you would receive warrants to purchase an additional 25,000
shares.
Exercise prices and expiration dates
The warrants issued will be equally divided into four pricing tiers. The first tier will have an
exercise price of $0.01 per share and will expire on July 31, 2009. The second tier will have
an exercise price of $0.02 per share and will expire on October 31, 2009. The third tier will
have an exercise price of $0.04 and will expire on January 31, 2010. The final tier will have
an exercise price of $0.08 and will expire on April 30, 2010.
As an example, if a shareholder held 50,000 shares, that shareholder will receive a total of
25,000 warrants in the following amounts, with the following prices and expiration dates:
Warrants to purchase 6,250 shares at $0.01, expiring on July 31, 2009
Warrants to purchase 6,250 shares at $0.02, expiring on October 31, 2009
Warrants to purchase 6,250 shares at $0.04, expiring on January 31, 2010
Warrants to purchase 6,250 shares at $0.08, expiring on April 30, 2010
Total number of warrants: 25,000 (6,250 x 4).
Shares purchased will be restricted from immediate sale
In accordance with SEC rules, the common stock purchased from the exercise of the
warrants will remain restricted from sale on the open market for a period of one year from the
date of exercise, unless otherwise registered by the Company.
After they have been held for one year, the shareholder's broker (or the company) can help
the shareholder in removing the restriction.
Warrant agreements will be mailed on May 20
The warrant agreements will be mailed on May 20, 2009. If you do not receive your warrant
agreement by May 31, please contact the company at info@enableipc.com.
Other information
Shareholders need not do anything until they wish to exercise the warrants. When the
shareholder wishes to exercise the warrants (i.e., purchase the shares), the shareholder
needs to complete the Subscription Form and submit it to the company with payment. If the
shareholder chooses not to exercise, the shareholder need not do anything. The
opportunity to purchase the shares will expire on the expiration date.
Questions
If you have any questions at all about the warrants, feel free to contact us at
info@enableipc.com or call (661) 775-9273.