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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: SSP who wrote (51004)6/12/2000 6:09:00 PM
From: Qone0  Read Replies (2) of 150070
 
EKSIA, Looks more like a 20:1 to me.

.The Acquisition. The acquisition is expected to be completed in two steps. The
first step on or about July 3, 2000 by the issuance of 46,000,000 (a majority)
of the common stock to the shareholders of Sterling in exchange for
approximately 15% of the equity interests of Sterling. The parent company will
then change its name to Sterling Media Capital Group, Inc. The second step will
be completed thereafter by acquisition of the remaining 85% of Sterling. After
completion of the second step of the acquisition process, Sterling will be a
wholly owned subsidiary of Electro-Kinetics and the present stockholders of
Sterling will own approximately 91.5% of the outstanding equity interest and

The 46 million is just for the first 15% of the company. The PR does not say how many will be paid for the remaining 85% of the company.

.Approximately 15,555,000 common shares (91.5%) will
be held by the present Sterling stockholders and approximately 1,445,000 common
shares (8.5%) will be held by the present Electro-Kinetic stockholders.

If there is presently 31,000,000 Electro-Kinetic stockholders and after the RS there will only be 1,445,000 Electro-kentic stockholders. That`s about 20:1
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