4//SEC Filing
MOBILE REACH INTERNATIONAL INC 4
Accession 0001108890-05-000496
CIK 0001069322operating
Filed
Jul 20, 8:00 PM ET
Accepted
Jul 21, 10:31 AM ET
Size
9.2 KB
Accession
0001108890-05-000496
Insider Transaction Report
Form 4
STEFANSKY DAVID
Director
Transactions
- Purchase
8% Convertible Promissory Note
2005-07-19+0→ 0 total(indirect: Harborview Master Fund LP)From: 2005-07-19Exp: 2010-07-19→ Common Stock - Exercise Out-of-Money
Warrants
2005-07-19+0→ 0 total(indirect: Harborview Master Fund LP)From: 2005-07-19Exp: 2010-07-19→ Common Stock
Footnotes (2)
- [F1]The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purpose of Section 16 or for any other purpose.
- [F2]On July 19, 2005, Harborview Master fund LP ("Harborview") purchased $25,000 of principal amount of 8% convertible promissory notes of the Company (the "Note"), convertible at Harborview's option, into shares of the Company's Common Stock at a share conversion price equal to the lesser of (i) $0.0077 (the "Closing Date Conversion Price"), or (ii) the average of the three lowest closing bid prices for the ten trading days preceding the conversion date. In connection with the issuance of the Note, the Company issued to Harborview five-yearcommon stock purchase warrants (the "Warrants") to purchase the nimber of shares of Common Stock which would be issued on the closing date assuming the conversion of all other 8% convertible promissory notes issued in connection with the financing on the closing date at the Closing Date Conversion Price. The exercise price of the Warrants is equal to the Closing Date Conversion Price.
Documents
Issuer
MOBILE REACH INTERNATIONAL INC
CIK 0001069322
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001069322
Filing Metadata
- Form type
- 4
- Filed
- Jul 20, 8:00 PM ET
- Accepted
- Jul 21, 10:31 AM ET
- Size
- 9.2 KB