ETPI-Military Entertainment Enters Civilian Market Message Board

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Microcap & Penny Stocks : ETPI-Military Entertainment Enters Civilian Market

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To: Gator who wrote (257)	4/21/1998 5:11:00 PM
From: AuFingr	Read Replies (1) of 4767

Just got off the phone with Pete at Investor Relations. Financing will be obtained through a Private Placement. There will be no additional shares issued, and there will be no increase in the float, the company wants it kept tight. Pete says a couple of big positions are now out of the way, allowing the tightness to be maintained more easily. I asked: PP done internally or externally through a broker? Answer is externally. My usual concern with an external placement is that there is a discount to the market. The answer is NO, there will be NO discount to the market price. The CEO has a stated objective of 100 centers in operation. In addition to the arrangement for financing, the company may be able to obtain new equipment at a VERY low price. This is pre-release, but being worked on now. Pete says he will have more news tomorrow, the CEO is away, but returning then. More as I hear it, and look forward to any further news the rest of you may have. -AuFingr

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