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Gold/Mining/Energy : XVNvestors Forum

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To: DoubleOddBuck who wrote (4417)	11/14/1999 11:46:00 AM
From: Montana Wildhack	Read Replies (1) of 4742

To all, XVN has 38,262,868 shares outstanding. DVDT has 23,000,000. It cannot be 1 to 1 because DVDT would then have given away their company. A reasonable conversion is 10 to 1. At that price DVDT would issue 1.83 million shares from treasury add that to the 2 million their getting from us and give out 1 DVDT for every 10 XVN or cash (thats the interesting part). DVDT would then have 24.83 million shares outstanding and own all remaining assets of XVN and we can all see if they break $6 US in a year. The one thing we know for sure is that we will be doing better than 19 to 1 which is what we already own as XVN shareholders. At a moment we're dead on the beach sharing a mini unit with XVN still doing nothing and not even being able to file papers in time. The big risk is that these two people will not be able to be reasonable and come to a deal. As to that, Lee made it public that he wants XVN. Thats a little unusual unless they're already convinced they can make a deal. Otherwise Lee would be making himself look bad in public. I'm trading to the DVDT and then I'm holding for a while.

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