Anything Internet Corporation (ANYI) Message Board

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Microcap & Penny Stocks : Anything Internet Corporation (ANYI)

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To: brad greene who wrote (1287)	10/21/1999 11:07:00 AM
From: PistolPete	Read Replies (2) of 1570

Yep, I've read it... What is kind of up in the air to me, and I have someone looking at it to try to help me understand it better, is the fact that it seems that if a long sends in his common (tradable) shares in exchange for 1:2 Conv. Pref A, he is then restricted for an unspecified period and can only trade the Conv. Pref in for Common at 1:3 after a year. Not only does it get rid of the float, and open the door for some kind of secondary offering, I presume, it keeps anyone here now from selling the stock for a long time. If that's true, the it is kind of a weird thing to do, since the people left now are the only one who HAVEN'T sold at least some of the stock (I sold all 15,100 of mine and hold warrants for 15k more). Which leads to another question... What happens to the warrants? Not saying this is necessarily bad, just saying I don't completely get it. If anybody here is sure that they do get it, I'd appreciate your viewpoint.

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