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Non-Tech : Private Placements

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To: Turboe who wrote (12)	7/7/1998 4:02:00 PM
From: K A Anderson	Read Replies (1) of 56

Just what investors like to see, in an IPO. We are going to offer 3 classes of stock 1. A (class A) Voting Preferred stock, (Cumulative cash divs set at 5%) about 4% of the total float. 2. A (Class B) Participating Convertible Preferred ( the minimal div rate not yet set.) about 6% of the total float 3. 20,000,000 shares authorized, but only releasing 2 million max for public trading initially, while the other 7 million remain in the corporate treasury. The parent company retains 50 to 51% of the float. No warrants are planned, as it seems these are the tools of people that short stocks and we dont want to encourage them. So what do you think about this basic stock structure? KAA

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