XPOR, volume and price up ten fold today. Look at the news that came out late this afternoon. Original OS on XPOR was only 6 million. The debentures just converted $375,000 worth of stock; 8.8 million shares. Now the debentures own the company and the stock for a mere $375,000. Wow, wow, wow,wow.
Now, they are going to turn their $375,000 into millions of dollars. A clever way of getting additional funding for the company or management was not thinking clearly when they did their debentures. Someone sleeping with someone on this deal. LOL
FREE Complaint SiteRelated Quotes
XPOR.OB
0.100000
+0.050000
delayed 20 mins - disclaimer
Monday September 11, 3:08 pm Eastern Time
Press Release
Explore Technologies Lenders Convert Debentures Into Equity
VANCOUVER, B.C.--(BUSINESS WIRE)--Sept. 11, 2000--Explore Technologies Inc.(OTCBB:XPOR - news) wishes to announce that on Friday September 8th, 2000, debenture holders gave notice to convert their $370,000 debenture loan into common shares of the company at $0.0425 per share (being 20% under the average trading price for the previous 5 days) under the terms of the debenture agreement.
Certain statements contained herein are ``forward looking statements'' (as such term is defined in the Private Securities Litigation Reform Act of 1995.) These statements are based upon the belief of the Company's management as well as assumptions made beyond information currently available to Company Management. Because such 'forward looking statements`` are subject to risks and uncertainties, actual results may differ materially from those expressed or implied. Such ''forward looking`` statements include, but are not limited to, competitive factors, general economic conditions, customer relations, relationships with Vendors, government supervision and regulation, product introductions and acceptance, technological changes in industry practices and other factors discussed in filings made by the Company with the Security and Exchange Commission.
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Contact:
Mr. Rod Jao
Explore Technologies Inc.
Tel: 604/644-8880
Fax: 604/689-8988
JUST MY OPINION. THIS IS NOT A BUY OR SELL RECO.
Cheers
RG |
