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Pastimes : JAVC - Java Centrale

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To: Ken W who wrote (217)	10/2/1997 11:12:00 PM
From: Sidney Reilly	of 279

Ken, It looks like they need to raise money or they wouldn't do a deal like this. They want to sell warrants that can be exercised at .16 and .20 cents for shares in two and three years but the holders of the warrants want to insure they will be protected from dilution themselves by having the company do a rev. split before they buy the warrants of one (1) share for ten (ten) shares. And a new shares authorized level of 50 mil. which I'm guessing is probobly a lot lower than what it is now. I would think I would not want to be in this until after the rev. split and be out before the warrants are exercised in 2-3 years. Can you imagine if the stock was at $5.00 in two years because of the rev. split and turn around with the co. and you can buy shares for 16 cents. Some people want it all! Bob ;-)

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