from_an-SEC-filing


 

From an SEC filing:

Recreation USA Receives Additional Funding from its Major Investor

LINCOLNSHIRE, IL, October 30, 2002 Holiday RV Superstores, Inc. (Nasdaq: RVEE) announced today that it has executed an agreement with its major investor,
Steve Adams, whereby Mr. Adams will provide the Company with $2.5 million to $3.5 million in additional funding. In addition, Mr. Adams, as well as two other investors, have agreed to convert certain outstanding debt of the Company and all of the Company’s Series A and Series AA-2 Preferred Stock into common stock of the Company. These agreements are part of the Company’s restructuring plan, which seeks to increase the Company’s stockholders’ equity in order for the Company to regain compliance with the listing requirements of the Nasdaq SmallCap Market and to improve the Company’s ability to return to profitability

 

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