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Technology Stocks : Globalnet GLBND (Formerly MFSI)
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To: Neil Cassady who wrote (185)7/31/1999 7:13:00 PM
From: Paul K  Read Replies (1) of 202
 
What I really found interesting about the item was the disclamer at the bottom.
Sounds like Stock Genie is ready to start selling and needs to generate buyers... thus the 'report'.

"...Additionaly, GlobalNet Financial.com, Inc. in a private transaction
has sold to Stock Genie and/or its affiliate, agents or designee
250,000 restricted and unregistered five year warrants to purchase for one dollar common stock of GlobalNet Financial.com, Inc. These warrants have become free trading as of July 14,1999 and adjusted for a 1 for 6 reverse split. Stock Genie, its affiliate, agents or designee currently hold 41,667 warrants with an exercise price of $6 per share.

In addition in an unrelated transaction an affiliate of Stock Genie received 35,500 free trading shares of the company's common stock. Stock Genie did not receive any other compensation, of any kind, for its services.

Stock Genie and/or its affiliates or agents may at any time after receipt of compensation in stock sell all or part of the stock received into the open market at the time of receipt or immediately after it has profiled a particular company.

Stock Genie is not a registered investment advisor or a broker dealer. Stock Genie has been advised that the investments in companies profiled are considered to be high risk and use of the information provided is at the investor's sole risk. Stock Genie has also been advised that the purchase of such high risk securities may result in the loss of some or all of the investment..."
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