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Microcap & Penny Stocks : Aladdin Oil Corporation (OTC BB: ADDN)
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To: SeventhHeaven who wrote (4)7/5/1999 12:35:00 AM
From: Glenn Petersen   of 16
 
Of the 4,124,419 ADDN common shares currently outstanding, the 3,718,320 shares issued to the old Aladdin shareholders are restricted. Of the remaining 406,099 common shares held by the old Buffalo shareholders, the PREM14C reports that, "...a total of approximately 320,000 of such shares, which will be owned by persons who are currently principal shareholders of Buffalo, are expected to be subject to standstill agreements for a period of up to 12 months. The standstill restrictions are being imposed because resale of significant quantities of such shares could have an adverse effect on the market price of the Common Stock of New Aladdin."

That would leave approximately 86,000 shares in the float.
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