Shells With Cash: Let's Find Them! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Shells With Cash: Let's Find Them!

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Glenn Petersen who wrote (50)	3/11/2000 10:38:00 PM
From: Joey Two-Cents	Read Replies (1) of 67

Glenn, On the 10-K from March they stated: "a cash merger transaction which, if consummated, would result in all stockholders other than First Lincoln Holdings, Inc. and Evergreen Acceptance Corporation receiving cash in exchange for their shares of the Company's common stock." If 1st Lincoln and Evergreen own 72M shares and the shareholders who are "other than First Lincoln and Evergreen" own the remaining 15M shares. Those shareholders should be entitled to $ .20 (15M shares/$3M)per share. That's if I'm reading 10K correctly. If Martin Oliner is not going to receive any cash, he may as majority shareholder want someone to buy RGEQ and do something to increase shareholder value. At $ .06 per share it's a gamble but I think a decent gamble.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next