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Technology Stocks : GTGO
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To: Mel Fox who wrote (45)2/29/2000 11:24:00 AM
From: Joe King  Read Replies (1) of 87
 
Mel, Hold on to your shares. I called LKS consulting and they said we will get 90% of the shares of this new company. If you own 10,000 shares you will get 9,000 of the new company and will also retain the shares of GTGO Asia. We will own both companies. There is 8,000,000 shares out on GTGO so their will only be 7,200,000 issued and GTGO will retain 10%. Blakestreet Securities will initially raise $1.6 mil to fund the new company and there is a rumor of another $2 mil in private funding. LKS is invested in this and expect it to be a $10 stock after the spin off. That would be real nice but I would take that with a grain of salt. LKS said this was a very positive move and good things are in the works because of the people behind this new company. I hope so.
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