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Microcap & Penny Stocks : Make Money with this No Brainer! OTC:BB-XLCCP

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To: Rainforest who wrote (1)	2/17/1998 4:45:00 PM
From: Paul Andrews	Read Replies (2) of 10

The info is taken from the Proxy Statement obtained thru Edgar (at yahoo!), This is taken directly from the first page of the "actual" start of the Proxy: "...and holders of XLI Preferred Stock shall be entitled to receive approximately $2.09 per share of Preferred stock in Merger Cash." Merger Cash of $3,675,000 is the cash paid at closing for the benefit of common and preferred shareholders. The possible bonus could be, although I factor this as a zero in me deciding to purchase shares, contingent cash of $11,325,000 earned if XLI achieves certain "milestones". If the company were to achieve these milestones, the total payout for each preferred share would equal $6.47. I talked to a company official today just to check and see if there was anything I was missing about my expectations for my shares and the company indicated it was unsure why the preferred shares trades at such a discount. Thank you for responding to my post and I look forward to continued dialogue from you or anyone else who reads this. Paul Andrews Minneapolis, MN

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