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Microcap & Penny Stocks : HVAR ... Havana Republic, Inc. (Tobacco Gold)

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To: DSPetry who wrote (693)7/16/1998 2:12:00 PM
From: Buster   of 728
 
DSPetry,

If you read the filings on Edgar the Series A preferred can
be converted to common stock. Each series A pref. when converted
is worth $1000.00 divided by 70% of the value of the current stock price.

2100 series A pref. shares

2100 X $1000 = 2.1mil

2.1mil/(70% of .18current stock price = .126) = 16.67million shares.

Buster
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