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Strategies & Market Trends : Mafia Stock Mobsta's Social Club (Bulls Board)

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From: Tadsamillionaire	4/27/2007 7:23:14 PM
	of 6687

CinTel Invests $38 Million in Convertible Bonds to STS Semiconductor and Telecommunication Co, Ltd. Thursday April 26, 11:47 am ET Continues Expansion Into Semiconductor Manufacturing Arena LOUISVILLE, KY--(MARKET WIRE)--Apr 26, 2007 -- CinTel Corp (CinTel) (OTC BB:CNCN.OB - News) announced that it has entered into an agreement to subscribe an aggregate of $38 million (37 Billion Korean Won) in convertible bonds (CB), convertible to the common stock of STS Semiconductor and Telecommunication Co, Ltd (STS) at Korean Won 8010 per share (Initial Conversion Price). Management believes that CinTel has secured very favorable conversion rates and will review the options upon maturity of the CBs and then act upon the option. The closing price of STS common stock, as quoted on the Korean Exchange, closed on Monday, April 23, 2007 at Korean Won 7,600 per share. biz.yahoo.com

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