Ben Ezra Weinstein (BNEZ) Message Board

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Microcap & Penny Stocks : Ben Ezra Weinstein (BNEZ)

BNEZ 0.00

Sep 18 5:00 PM EST

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To: E. Davies who wrote (8681)	8/17/1999 6:56:00 PM
From: BigDaddyMac	Read Replies (1) of 9391

actually I think it is fairly simple, the buying company, isn't going to pay Jack say 20 cents per share for his stock, ( say that will be the buyout price ) ie 30 million shares times .20 cents is 6 million, but if he converts and sells at cost to new company, ie 10 cents, jack gets back his 3 million, and that is 3 million less than the new company has to pay, then they own 50% of BNEZ and can take it private or whatever at say .15 to .20 cents per share. thereby saving 3 to 4 million in cash. sound good IMHO mitchell

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