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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: SSP who wrote (9821)9/17/1999 2:54:00 PM
From: Wayne Rumball  Read Replies (1) of 150070
 
NAPLES, Fla.--(BUSINESS WIRE)--Sept. 17, 1999--The board of
directors of REII Incorporated (OTC BB:REIC) is presently considering
an offer of $8 million for the company which equals about $1.80 per
share for all the outstanding shares of the company.
REII Incorporated (Formerly BAP Acquisition Corp.) has 20,000,000
shares authorized with 4,655,000 shares outstanding. REII Incorporated
is the parent company of Ricketts Enterprises International Inc.
The offer includes all outstanding shares of the company as well
as all outstanding debts and agreements, which includes options on 18
income properties, as well as the first refusal of a software company.
The board of directors do not require the approval of the
shareholders to accept this offer, however the board of directors have
passed a resolution that all shareholders will be notified before a
final acceptance.
This offer expires Sept. 25, 1999.
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