American Millenium Corp. Inc. (AMCI) Message Board

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Microcap & Penny Stocks : American Millenium Corp. Inc. (AMCI)

AMCI 3.150

+337.5%

Oct 8 3:59 PM EST

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To: Richard L. Williams who wrote (67)	5/18/1998 8:21:00 PM
From: Omnichrome	Read Replies (1) of 341

I received it also. I think the paragraph you question may be talking about an ESOP plan (though I didn't think it required shareholder approval for that). I believe ESOP means Employer Stock Option Plan and allows employees to buy stock on a payroll deduction basis. It also can allow the terms to be "a certain price by a certain date", kind of like a real option. I also think the meeting is a formality since it is my understanding that most stock is insider held. The preferred stock is a concern as is the dilution possibilities. Not sure what to make of it all. Be careful out there.

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