StarTronix (STNX) Great Opportunity Message Board

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Microcap & Penny Stocks : StarTronix (STNX) Great Opportunity

STNX 0.0001000

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Jan 16 9:30 AM EST

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To: Steve Turner who wrote (6582)	6/7/1999 10:24:00 PM
From: RON BACON	Read Replies (1) of 6629

I HAVE BEEN WATCHING THIS STOCK SINCE I INVESTED TWO YEARS AGO. I SEE THEY REDUCED OUR HOLDINGS BY A 20 TO 1 REVERSE SPLIT AND AUTHORIZED AN ADDITIONAL 100,000,000 SHARES. IT WOULD APPEAR TO ME THAT THE COMPANY PLANS TO CASH IN ON THEIR TREASURY STOCK AND LEAVE THE PREVIOUS HOLDERS DRY. IF THEY SELL ALL 100,000,000 AT CURRENT PRICES THEY WOULD COLLECT $50,000,000.00 WHILE THOSE OF US WHO BOUGHT SOMETIME BACK HAVE A BASIS OF $15.00 TO $20.00 IN OUR STOCK WITH NO CHANCE TO RECOVER. I ALSO ASK HOW WAS THEIR CLASS D PREFERRED STOCK AUTHORIZED AND DISTRIBUTED WITH A 10 TO 1 VOTING RIGHT. THIS SHOULD REPRESENT A 90,000,000 SHARE VOTING BLOCK.

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