Hi Schleicher,
Nothing has happen... Per my earlier post, I stated that financing objectives have been met. The huge volume today is part of the financing package. Another million to 1.5 million will be crossed at the same prices on Friday, May 15, 1998. ITS ALL GOOD NEWS...
We had to find financiers who want to take down the huge holding of Farrell Fiancial Ltd in Canada. Even though Farrell Financial still helps the company on a limited bases, they still hold around 9million shares of stock. After today and Friday and again sometime next week, Farrell's position will probably be around 4 million shares. We needed to restructure the stock holding so the company can attract more financing if needed in the future. The FUTURE LOOKS VERY BRIGHT..
Some of our shareholders believe this to be a buy opportunity at these prices. I know the financiers who are taking the stock. They will continue to look after the best interest of this company and its shareholders. They like management and the product but didn't like the structure of the stock holdings. They made arrangements with Farrell to lessen his power!!!
THINGS ARE GREAT... DON'T PANIC ON THE SHORT TERM PRICE DIP. This strategy will help all that are involved with Air Packaging Technologies, Inc. I'm excited for all of us!!!!! And perhaps look at this as a buy opportunity because if you help buy more shares, the more you will help the new financiers lessen Farrell's majority ownership....
Thank you for your shareholder and European support.
With Warmest Regards,
Rich
AIRP |
