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Microcap & Penny Stocks : NAPIER INT. TECH WHAT A STOCK!!!!!!!!!!!!!!!!!!!!!!
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To: AL who wrote (28)7/22/1998 8:38:00 PM
From: Ginco  Read Replies (1) of 193
 
Your right - What's important is ICI/Napier's
Aquasol needs Napier alot more than Napier needs Aquasol

"The next news is Napiers concerns and should deal with Napier/ICI. Not Aquasol/ICI. Until the merger is complete, it isn't really a concern for Napier."
"The announcment of a private labelling agreement of SV-35 for ICI is the major fuel of the last surge."

<<Therefore, if the plan of arrangement between Napier and Aquasol does not complete, both companies will nonetheless obtain certain exclusive marketing rights for the products of the other.>>


The proposed transaction between Napier and Aquasol will be undertaken by way of a plan of arrangement which will be subject to a 30-day due diligence review by both companies, the approval of Aquasol shareholders and is also subject to Napier obtaining regulatory approval. The arrangement will require Napier to issue 5,934,597 common shares or approximately 16% of its share capital on a fully-diluted basis to Aquasol shareholders.
Napier and Aquasol have further agreed, irrespective of the above noted transaction, to immediately enter into a mutual private labeling agreement so as not to delay the subsequent private labeling agreement with ICI. Therefore, if the plan of arrangement between Napier and Aquasol does not complete, both companies will nonetheless obtain certain exclusive marketing rights for the products of the other.
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