ATPX: Lunn Industries and Technical Products Group merge. Message Board

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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge.

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To: Braddock Bull who wrote (352)	11/3/1997 12:16:00 PM
From: Doug R	Read Replies (2) of 1923

The conversion will not be a reverse split. It only seems that way. The deal between the cos. is a reverse merger and the newco. outstanding shares will be 1/10 that of LUNN's outstanding. If there were no merger and LUNN did the conversion on their own, THAT would be a reverse split. ATPX is a much bigger co. than LUNN was and as such ATPX is an entirely different entity with an entirely different set of circumstances regarding their shares. The newco has stated they will be applying for an NNM listing and this could only occur after the intended conversion. There will be a conversion. The red tape will clear out and everything will occur as planned. The current price is now at the original short-term target from the first TA done in the DIS LUNN report. Have a nice day. Doug R

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