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Gold/Mining/Energy : Net Shepherd Inc. (WEB) on ASE
WEB 27.990.0%Oct 11 5:00 PM EST
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To: twentyfirstcenturyfox who wrote (198)6/16/1999 5:18:00 PM
From: Crazy Canuck  Read Replies (2) of 1252
 
Good Afternoon Don,

Here is the response I received from Ric Charron with respect to the question you posed yesterday. I have to apologize in that due to my on-going E-mail problems, I was not able to post this sooner in the day.

Here is the text of the E-mail . . .

Subject: Silicon Investor questions

Good Afternoon Ric,

I received this question on the Silicon Investor's Net Shepherd thread yesterday.

. . . is there ANY chance this purchase agreement was done at a floorless price - ie: for a fixed monetary amount, to be paid in with shares - BUT WHERE THERE IS NO FIXED RATIO OF SHARES?

The person who posted this message asked that I contact the company for clarification. I responded that I would attempt to call you to clarify this. Could you please provide me with a response that I can provide.

Thank you in advance for your response.

_________________

Here is Mr. Charron's response . . .

This deal was done at 400,000 shares period. It was done when the share price was ~$3.00. There is no floor or ceiling on the price. The $7.00 price was a nominal value we assigned to our shares at the time of purchase as a future value of the stock.

Hope this clears it up for you Don! Take care.

Crazy Canuk
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