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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: baystock who wrote (65704)2/8/2001 9:59:14 AM
From: pater tenebrarum  Read Replies (1) of 436258
 
thanks for pointing that out...i had misunderstood (believing they'd do it in two tranches and were committed to 21%). however, what makes you think new shares will be issued? it says "subscribe to 8% of the outstanding shares", i take that to be the already outstanding shares. if NOT, it would simply mean that some of the new debt incurred for the latest acquisitions will be transformed into equity, or perhaps the money will be used to invest in the new operations...in any case, Harmony is now a bigger company, in terms of production and assets about 25% bigger than before.

i'm going to find out what's what...i'm about to contact Harmony about this, i'll post their reply here.
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