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Buyers of Fingermatrix stock this week will get new shares, warrants.


DOBBS FERRY Dobbs Ferry, village (1990 pop. 9,940), Westchester co., SE N.Y., on the Hudson River, a suburb of New York City; inc. 1873. It is mostly residential but has light industries and research facilities. , N.Y.--(BUSINESS WIRE)--April 5, 1995--Hal M. Hirsch Hirsch (deer in German and Yiddish) may refer to:

Places
  • Hirsch, Buenos Aires, Argentina
  • Hirsch, Saskatchewan, Canada
  • Hirsch Observatory, an astronomical observatory in Troy, New York
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  • August Hirsch
, Trustee for Fingermatrix Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
 EBB:FINXC), confirmed Wednesday that anyone purchasing the present Fingermatrix common shares prior to the effective date of the court-approved Plan of Reorganization -- on or about April 10 -- will be qualified to receive the new Fingermatrix common stock and the attendant ATTENDANT. One who owes a duty or service to another, or in some sort depends upon him. Termes de la Ley, h.t. As to attendant terms, see Powell on Morts. Index, tit. Attendant term; Park on Dower, c. 1 7.  warrants, which are expected to be distributed next week.

The Plan calls for the issuance of one share of new common stock for every 12 shares currently outstanding. Each new share will be accompanied by 1 2/3 A Warrants which are exercisable at $1 per share for 275 days, and for every two A Warrants exercised, the holder will receive one B Warrant exercisable at $2 per share for 635 days, Hirsch explained.

The Trustee's Plan of Reorganization for Fingermatrix was confirmed by the bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties.  last Friday, March 31 and becomes effective approximately 10 days from that date, or April 10, Hirsch said.

CONTACT: Molesworth & Associates

Official Committee of Equity Holders of Fingermatrix Inc.

Gordon Molesworth, Chairman, 520/625-0035
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 5, 1995
Words:178
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