Meridian National Corp. said it sold 750,000 shares of its common stock to the McAlpine family interests, for $1 million, or $1.35 a share. The sale represents 10.2% of Meridian's shares outstanding. The McAlpine family, which operates a number of multinational companies, including a London-based engineering and construction company, also lent to Meridian National $500,000. That amount is convertible into shares of Meridian common stock at $2 a share during its one-year term. The loan may be extended by the McAlpine group for an additional year with an increase in the conversion price to $2.50 a share. The sale of shares to the McAlpine family along with the recent sale of 750,000 shares of Meridian stock to Haden MacLellan Holding PLC of Surrey, England and a recent public offering have increased Meridian's net worth to $8.5 million, said William Feniger, chief executive officer of Toledo, Ohio-based Meridian.

What will be the increase in the conversion price per share if the loan is extended?

I wondered if that were my case--if I rode out for honour, and not for the pure pleasure of the riding. And I marvelled more to see the two of us, both lovers of one lady and eager rivals, burying for the nonce our feuds, and with the same hope serving the same cause. We slept the night at Aird's store, and early the next morning found Ringan. A new Ringan indeed, as unlike the buccaneer I knew as he was unlike the Quaker. He was now the gentleman of Breadalbane, dressed for the part with all the care of an exquisite. He rode a noble roan, in his Spanish belt were stuck silver-hafted pistols, and a long sword swung at his side. When I presented Grey to him, he became at once the cavalier, as precise in his speech and polite in his deportment as any Whitehall courtier. They talked high and disposedly of genteel matters, and you would have thought that that red-haired pirate had lived his life among proud lords and high-heeled ladies. That is ever the way of the Highlander. He alters like a clear pool to every mood of the sky, so that the shallow observer might forget how deep the waters are.

Who is described as both buccaneer and cavalier?

Plants also detect the daily cycle of light and darkness. Do you know how plants respond to these changes? Some plants open their leaves during the day. It is during these hours the plant can collect sunlight. At night, the plant closes its leaves to prevent water loss. Many plants respond to the change in the length of the day. As days grow shorter, some plants respond by going dormant. Dormant is when a plant suspends its growth. It does this in order to survive. Shorter days signal the coming of winter. Winter in most areas means extreme cold. It is also very dry in the winter months. As winter approaches, some plants respond by their leaves changing color. After the change in color, they fall off. This dormancy period helps trees. It allows them to survive the cold and dry winter. Plants only want to grow when conditions are right.
What are the right conditions for plants to grow in?