MACE (Mace Security International) Message Board

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Microcap & Penny Stocks : MACE (Mace Security International)

MACE 0.0157

-6.5%

Dec 6 4:00 PM EST

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To: gcrispin who wrote (59)	6/16/1998 2:31:00 AM
From: J R KARY	Read Replies (1) of 143

Here's MACE's intentions after the asset sale There are 7 mln shares outstanding with half closely held and AHI gets 300,000 warrants priced at $1.25 for a 3 year period. From the proxy: "to use the proceeds from the sale for more profitable business, including but not limited to, expanding the Company's presence in the Consumer retail market through Company owned Mace Security Centers, sales of franchises for Mace Security Centers(R) through the Company's franchising program and limited advertising on Home Shopping Network. In addition, the Company is investigating opportunities to generate revenue through the expanded use of the Mace(R) trademark on additional products and/or through licensing. The Company also plans to invest in attractive opportunities that may be anticipated to provide reasonable growth, which opportunities may not be consistent with the historical business of the Company. The Company's Board of Directors has given preliminary consideration to investments in various companies, including one that holds potential rights in time-share activities and a chain of retail security equipment stores. No written proposals have been made and no agreements have been reached. " ---------------------- The two principal shareholders of MACE have a real estate background in Vermont and we may see some activity there. Regards, Jim K.

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