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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: TraderGreg who wrote (479)2/3/1998 11:52:00 AM
From: Cleve Noyes  Read Replies (1) of 3222
 
I think your making it more confusing than it is. There were two separate companies. They merged. After the merger there is but one company of which Mr. Swee owns 51%. The relative sizes of the respective companies pre-merger is irrelevant. I agree, it's still a good deal for both companies. The only POTENTIAL worry for me is that the shares are reg s. but this seems irrelevant too given that Swee would lose controlling interest in his newly merged company (SETO)if he were to sell ANY of his 51%, so there's little motivation to do so.
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