yep...couple of questions....
is this accurate???
PRMC, shares OS: 7mil, Float:3mil
.........
so prime was a shell...and www.worldnettel.com
took over???? and issued 18m shares?
<("Prime"), a Delaware Corporation, a nonoperating
public shell, and Worldnet Tel.com, Inc. (Worldnet), Worldnet was merged into Prime through a merger effective August 11, 1999. For financial statement purposes, Worldnet was considered the acquiring company, and this transaction has been treated as a purchase of Prime by Worldnet. For legal purposes, however, Prime remained the surviving entity. Therefore, the combined entity retained Prime's capital structure. Prior to the merger, Prime had 7,007,742 shares of common stock outstanding held by various individuals. Pursuant to the
agreement, Worldnet was issued 18,000,000 shares of Prime common stock.
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and i quote....
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<AS OF SEPTEMBER 30, 1999, 25,007,742 SHARES OF COMMON STOCK>
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so what is the trading float?
tia....
laurap |
