Private companies using reverse process to go public Message Board

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Microcap & Penny Stocks : Private companies using reverse process to go public

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To: Chloe R who wrote (35)	5/7/1998 4:24:00 PM
From: IPOJunkie	Read Replies (1) of 62

Hi Chloe, this must be the thread you mentioned. James, good to see you here also. Did you ever call the HST people? I came here to see if anybody could help evaluate the company I mentioned on the other thread - Syntroleum. It's an interesting reverse merger story. Syntroleum is a private company that has a new gas-to-liquids process. They are 35% owned by SLHO, a public company. SLHO sold off its real estate and other holdings such that it ended up being comprised of Syntroleum and $50 million in cash. Syntroleum announced last week a reverse merger with SLHO. The interesting thing is that the market cap of the new company will be $845 million when you do the math! Any thoughts? RS

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