CRAMER INC

mechanism = FIXED...termination of registration pursuant to Section 12(g)(4) of the Exchange Act. Terms of the Transaction. Following the amendment to the Company's Articles of Incorporation, Rotherwood intends to purchase 18 million shares of newly authorized common stock at a purchase price of $0.05 per share and an aggregate purchase price of $900,000. Rotherwood would then cause a "short-form" Merger to occur in which each outstanding share of the Company's common stock owned by the Public Shareholders would be converted into the right to receive a cash payment of $0.05 per share, subject to statutory appraisal rights. Upon completion of th...

price = USD 0.05...erms of the Transaction. Following the amendment to the Company's Articles of Incorporation, Rotherwood intends to purchase 18 million shares of newly authorized common stock at a purchase price of $0.05 per share and an aggregate purchase price of $900,000. Rotherwood would then cause a "short-form" Merger to occur in which each outstanding share of the Company's common stock owned by the Public Shareholders would be converted i...

threshold = 100...f the loan. Rotherwood has no personal liability under the $2,000,000 loan in excess of the value of its pledged collateral. In the fourth quarter of 2001, the Company made an "Odd-Lot" Tender Offer, in which the Company offered to purchase the shares held by shareholders owning fewer than 100 shares. The Company undertook this offer for two reasons. First, since there has been no trading in the Company's common stock, "odd lot" shareholders have not had a way to trade their shares. Second, the Company sought to reduce its expenses of reporting to odd-lot shareholders, which represented 35% of all shareholders. The Company offered to...

txn_type = TENDER_OFFER..., call the loan and proceed against the Company's assets in satisfaction of the loan. Rotherwood has no personal liability under the $2,000,000 loan in excess of the value of its pledged collateral. In the fourth quarter of 2001, the Company made an "Odd-Lot" Tender Offer, in which the Company offered to purchase the shares held by shareholders owning fewer than 100 shares. The Company undertook this offer for two reasons. First, since there has been no trading in the Company's common stock, "odd lot" shareholders have not had a way to trade their shares. Second, the Company sought to reduce its expenses...