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

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To: Katie Kommando who wrote (37009)3/15/2000 3:05:00 PM
From: SSP   of 150070
 
FOR those playing ATCD - remember my warning of the reverse split!!??? 10KSB filed today!

Recent Letter of Intent with uMember.com, Inc.

On January 28, 2000 the Company signed a letter of intent with
uMember.com, Inc. ("uMember") whereby the Company would acquire 100% of the
issued and outstanding common stock of uMember in exchange for 17,000,000
shares of the Company's common stock. The merger is intended to qualify as a
tax-free reorganization under Section 368 of the Internal Revenue Code of 1986.

Prior to the acquisition the Company will seek shareholder approval of a
reverse stock split of approximately 1 for 2,050 to reduce the issued and
outstanding number of shares of the Company to approximately 476,500 shares.
Report TOU ViolationShare This Post
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