TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Sprintcar who wrote (15526)	12/1/1999 5:56:00 PM
From: Jim Bishop	of 150070

CDNO interesting news.... " The consummation of the proposed acquisition will be subject to several material conditions precedent, which will have to occur to the satisfaction of EEC. These include, but are not limited to, the negotiation of a definitive acquisition agreement, the Company being free of all material debts, a due diligence investigation by EEC with no material issues discovered, the raising of in excess of $10,000,000 in new investment capital by the Company, and the obtaining of necessary waivers and consents from third parties, including the Company's shareholders. It is anticipated that a meeting of shareholders will be required to approve certain aspects of the proposed transaction if a definitive acquisition agreement is negotiated between the parties. Further, it is anticipated that an affiliate of management of the Company will be compensated by EEC or the Company if the transaction is successfully completed."

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