SETO Semicon Tools Inc. Message Board

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Microcap & Penny Stocks : SETO Semicon Tools Inc.

SETO 0.00630

-10.0%

Nov 5 11:11 AM EST

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To: Cleve Noyes who wrote (477)	2/3/1998 11:27:00 AM
From: TraderGreg	Read Replies (1) of 3222

OK, originally I thought that Teit Tatt would own 50 % of the new company, as the shares had doubled from 10 to 20MM. My reference to 55% referred to the share that Teit Tatt principals now own. Originally, Teit Tatt owned 100 % of itself. It now is at 50 % of a merged entity of which the original Teit Tatt represents 90 % of sales/earnings. So, from Teit Tatt's point of view, they gave up 50 % of their original company and received 50 % of SETO, which is 1/10 the size of Teit Tatt. Thus, they start with 100 units(Teit Tatt) give up 50 units to SETO. SETO gives up 5 units of their 10 (plus the 10million shares of course). So, Teit Tatt now has essentially 55 units(100-50+5) relative to their original 100. In effect, they gave up 45 % of their original company for 10 MM shares of an American exchange company. Their alternative would have been to get listed on a Malaysian BB???!!!! If Teit Tatt has 51 % of the stock, then my numbers are slightly under valued.(I thought it was a 50-50 transaction) Sounds like a win-win to me.

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