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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU)
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To: Larry Brubaker who wrote (1839)6/14/1998 2:24:00 PM
From: KipferlMeister  Read Replies (2) of 5143
 
Okay, let me try this again: IPM held 1,160,000 uncontested shares of MGAU of which 800,000 have just been sold, off market, to another party. MGAU has right of first refusal to broker a similar deal on IPM's remaining shares -- whether that's just the balance of those 1,160,000 or of a larger number including other, disputed shares, makes no difference since none are likely to come on the market. Therefore, IPM's cash crunch and their (presumed) need to liquidate their MGAU holdings should not be a negative factor on MGAU's stock price. Clear??

BTW, just how does one "flip" 800,000 shares of an illiquid stock like MGAU <VBG>??
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