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Microcap & Penny Stocks : Restaurant Teams International, Inc.-RTIN
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To: KZAP who wrote (3235)9/12/2000 10:22:11 AM
From: TraderGreg  Read Replies (1) of 3351
 
You state: "If for any reason all cash is not returned, the balance will be converted into stock at the then current market value plus 20%."

I know that YOU mean that to be 20 % more shares than the balance owed could buy. So, if you're owed $1000 and the market value is 20 cents, you would want them to give you 5000sh plus 20% more for a total of 6000 shares, or $1200 worth of stock.

But the way it is written above, a lawyer could interpret as shares buyable at 20% above the then current market value. That would mean they would give you $1000 worth of 24 cent shares, which is only 4167 shares.

You might want to change it to something like this:

"If for any reason all cash is not returned, then the contributor will receive free trading shares equivalent to 120% of the balance owed. Each share is based on the current market price."

TG
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