Reposted from Post 66 and is posted again for informational purposes only. The enclosures are that of myself and not that of Mrs. Deaner:
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To: +Jacalyn Deaner (65 )
From: +Jacalyn Deaner
Friday, Jul 30 1999 12:02PM ET
Reply # 66 of 82
For anyone interested in AMDI - FWIW
I just spoke with Greg - here is what I got:
He is not giving up his position; he has too much money tied up in AMDI - it is CLEAN and he is proud of that fact; he is also aware of the market and what benefits AMDI can offer:
1) (He is looking for): a new company that wants IMMEDIATE exposure will get it quick with investor interest and the subsequent momentum that will occur.
2 (He is looking for): an already established successful company that wants to take over a company that is already operational; he has had several NASD companies, the latest only backed out at the 11th hour - because of the outstanding number of shares - Greg mentioned something about doing a reverse split (The Kiss of Death for an BB company, except in a case of a merger requirement, etc.) to make it more palatable for interested parties.
3) Reverse split consideration after the 11th hour deal break down - attempt to resussitate (sic) that deal fell through due to # shares 58 million out and 8 million authorized warrants. (Not so many!)
4)The latest talks were last week with an Internet company with 40 million profit base.
My impression is that Greg Pusey is SERIOUS about getting this done - he has spent over 200,000 in attorney fees just to get routine documents drawn up for the interested companies to date, but that have not been consumated (sic); He is quite certain it will occur, but he does not know when; he is not getting rid of his shares, nor are those inside the company.
He is also shrewd and a mover - knows how the market operates and is a wheeler dealer. Whatever happens it will be fast - he spent 10G the other day just to fly out to talk with some guy (and on business, travel, lodging, meals and other expenses.) He is actively marketing AMDI and is looking for the best opportunity. (To Merge, For a Buy-Out, a Take-Over, A joint Venture, or the like.)
That is all I found out. Hope it helps. CU, Jacalyn :) |
