SIIS (Struthers Industries) Message Board

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Microcap & Penny Stocks : SIIS (Struthers Industries)

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To: gpphantom who wrote (666)	1/11/1998 11:12:00 PM
From: gpphantom	Read Replies (1) of 709

Regarding the first scenario where Struthers is allowed to pursue its business plan as conceived, the funding partner would buy out Winco's interest which gives it control with 52.6% ownership of Struthers. Since it has control there really isn't a need to purchase the float (our shares)at this time, i.e., work the leverage and see how things progress before buying the farm. Struthers becomes a subsidiary of the funding partner and we are the minority shareholders. As I see it, this scenario offers us the best chance to realize our investment's potential. This could result in rapid price appreciation once the stock resumes trading. The piece I'm not sure of is in the original deal with Winco. Once the amendment to Struther's certificate of incorporation was effected, the authorized shares of common were to increase and Winco was to be issued an additional 53,333,613 post-reverse split shares. This was to give Winco ownership of over 90% of Struthers and subject us to considerable dilution. If this issuance were not to take place then we could do rather well.

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