SI
SI
discoversearch

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 : INCE - Intercell info???

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bill Pearson who wrote (1730)6/16/1997 4:48:00 PM
From: Lee Bush   of 3358
 
Bill and all:
I just finished talking to Christy in Metzinger's office. Things are a bit up in the air still, but this is the tentative plan as far as EDVC stockholders are concerned:
1. As posted previously, the closing date will be the end of June. Holders of INCE of record that date will receive 1 share of the new company for each 5 shares of INCE.
2. Shares of the new company accruing to undistributed EDVC shares will be held in trust for one year. At the end of a year, all of these shares will be distributed to EDVC stockholders.
3. There is talk of speeding up the distribution of INCE shares to EDVC shareholders, but no decision has been reached on that.
4. IR will be handled by Metzinger's office for a period of time to be sure that everyone receives correct information.
5. Paul Metzinger is working on selecting some qualified people to compliment existing management of INCE.
6. Paul and his staff are attempting to rebuild shareholder confidence by being as open and forthright as possible. This seems like a breath of fresh air to me!

I think that this transition is going pretty well, considering what we were handed last week by Mr. Neild.

Lee
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext