Auxer Group (AXGI) -- Huge revenue growth w/ new contracts Message Board

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Microcap & Penny Stocks : Auxer Group (AXGI) -- Huge revenue growth w/ new contracts

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To: Kevin Clarke who wrote (1656)	12/16/2002 1:07:57 AM
From: Sylvain C.	of 1664

If I remember well the last quarterly report showed that 69,000,000 shares were still in an escrow account (debenture). These 69E6 shares would be 29% of the company (29% of 236E6). That's a big easy chunk to get. As part of a merger where taking control of 29% of the company would be fairly easy and cheap for the merging company, full control of the company could be achieved through some conversion of debentures or acquisition of shares on the open market. All that depends on the negotiations between the current CEO (G. Chariamonte), PHD Capital, and Viva Airlines. As Mr. Chariamonte still owns a lot of shares it may have worked in shareholder's favor. I also heard that the ex VP (Ronald Shaver) is close to PHD capital and still owns a lot of AXGI shares. It may be pure luck in this case...

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