TNRG Tianrong Building Materials Message Board

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Microcap & Penny Stocks : TNRG Tianrong Building Materials

TNRG 0.0300

+14,900.0%

Jul 17 12:46 PM EST

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To: hoffy who wrote (378)	3/25/1998 8:44:00 PM
From: Playin my Cards	Read Replies (2) of 9824

Here's my take on the shares issue (dejavu?)... 1. OS were 25 Million 2. They retire 2.5 Million 3. Issue press release 4. They issue 20 Million restricted common shares to pay for aquisition. 5. They retire 9 Million shares that were not restricted. 6. Issue press release. If this is the course of events, the company did not do anything wrong. They may have not made the point clear but they did not lie. And if the 20 Million truely are restricted, then the "Tradeable Float" for the time being is.... 25Million - 2.5 Million - 9 Million = 13.5 Million HOWEVER, those restricted shares are still out their and if anyone want's to determine what a long term value for this stock is they must take those into account like they were tradeable today because eventually they will be traded. Mike

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