well, what did this cost us in the end??????
On April 2, 1998, the Corporation completed a transaction with Ben Ezra
Weinstein and Company, Inc., a publicly held New Mexico corporation ("BNEZ")
engaged in the sale of financial software to sell CDS (including Code Manager,
see below), and its 8% interest in InfoDynamics including the note receivable
from InfoDynamics. The selling price of $850,000 was paid in convertible
preferred stock of BNEZ. In September 1998, the Corporation converted its
preferred stock into 1,687,000 shares of BNEZ common stock.
Gee how funny Jack and Mikey, September was the month that BNEZ releases the press release that PMA is ready to go, 6 months late, and the boys from Ethnika are just in time to convert to trading stock and sell out from .50 cents all the way to .85 cents and cap off a cool 1 million in cash for a company they only paid 100k for and 400,000 shares of their useless stock.
HMMMM, not a bad deal, no wonder BNEZ decided to never become reporting.
IHMO
mitchell |
