TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: scouser who wrote (7344)	8/17/1999 12:14:00 AM
From: scouser	Read Replies (2) of 150070

AUMYE from RB The thread has lots of posts , ragingbull.com heres an interesting one... ******** UPDATE ************ Positive Capital - James Bradley Discussion First, do your own DD After talking to J. Bradley with Positive Capital This is my understanding. 300 million shares of AUMYE issued. 260 million in circulation. No shares of Talisman in circulation. Positive capital offered a win win (at least for them)to AUMYE. Spin off Talisman as a NASDAQ IPO. Doing this will reduce the excessive number of shares of AUMYE outstanding by consolidating a large number into a separate entity (Talisman). AUMYE turned them down flat. To put pressure on AUMYE, Positive Capital issued the press release. The 11.8 million shares of Talisman that would be issued at 1 for every 13.5 shares of Talisman just happens to equal the publi float of 160 million (go figure). The 0.148 premium is not an amount that will be paid for the shares, stock holders will get to swap for Talisman shares. The book value of Talisman is estimated at 0.168/share (if my math is correct this is 160 mil X 0.168 = 27 million bucks). This would put the book value of Talisman at $2 for each of the 11.8 million shares that will be issued upon conversion. Positive Capital then turns Talisman into an IPO on Nasdaq at $10-$12/share (price indicated by J. Bradley and not unreasonable for a company with a book value of $2/share). This means that if all this is pulled off then each share of AUMYE stock could be sold for 1/13.5 * 10 = 0.74/share. If all this works out, the 60,000 shares of stock I bought today would be worth over $40,000 bucks. This is obviously very high risk and a little bit of Motherhood and Apple Pie. Do your own DD, do not take anything I said as a recommendation. This is a last ditch effort to pressure mgmt prior to a hostile takeover. Positive Capital obviously expects to make millions off this deal and will if it works out like they plan.

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