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Microcap & Penny Stocks : ABTX - Agribiotech

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To: drakes353 who wrote (8339)2/2/2000 8:58:00 PM
From: PO Stahl  Read Replies (1) of 8359
 
Drakes or anyone else,

Do you have any idea who Vector Enterprises is?? I just received this in the mail today....

"January 28, 2000

Dear customer,

Vector Enterprises extended the offer to purchase up to one percent of the total outstanding shares of Agribiotech Inc. common stock. The offer now expires February 3, 2000.

The terms of the offer are as follows: cash in the amount of $1.50 per share. There is no withdrawal privilege afforded this offer.

The Advanced Clearing deadline for participating in this offer is January 31, 2000. It is imperative that we receive your instructions to participate prior to this deadline. Any instructions received after the Advanced Clearing deadline will be processed on a "best-efforts" basis.

Since the above offer is non-obligatory, if you wish to participate, please contact your broker. If you do not wish to participate, please disregard this notice. Your broker is:

Ameritrade 800-669-3900

The fee for participating in this offer is $25.00.

Sincerely,

Advanced Clearing, Inc.
Reorganization Department"

What does someone want with just one percent? Or are they hoping to garner more with a possible takeover in mind?

Drakes, what is your take on this?

Paul
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