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Technology Stocks : INTXA - Interiors Inc. Internet Store

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To: Curbstone who wrote (95)2/19/1999 4:35:00 PM
From: CJacks   of 186
 
I spoke with the PR firm and I'm comfortable. First, the common warrants (Z's)can be redeemed to buy one share of common at $2.00. Considering the warrants were selling for a buck, they end up buying shares at $3.00. Or can turn them in for $.01. And for the preferred, they can redeem them for a share of preferred stock at $5.50. (which they can exchange for 3 shares of common at any time.)

In short, BIG DEAL. None of these guys are getting great bargains. It raises capital for the company. (They have been making numerous acquisitions) More news is on the way. The company is just about to roll out the web site. Financials are coming. The company is profitable. When all the acquisitions go through, even if they don't grow at ALL, and not counting the web site, the company will have gone from being $6 million to well over $100 million in one year!!!!

I'm keeping my 10,000 shares.

Chuck

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