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Gold/Mining/Energy : Westrend Natural Gas - I.D.E. Hot Stock
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To: Wink who wrote (1536)7/24/1998 10:58:00 PM
From: Robert J. Mifsud  Read Replies (2) of 2011
 
What everyone seems to be forgetting or at least has not made reference to is the following taken from the WRN news release dated March 13, 1998.

>"International Rigs is also negotiating the acquisition of other related oil and gas manufacturing service companies. All of such acquisitions are predicated on share exchange transactions wherein the target companies are independently valued and International Rigs issues shares at US$5.00 equal to each such valuation. Westrend is negotiating its investment at a considerably lower price than US$5.00 per share."

So if it is considerably less than US$5.00 per share then the percent ownership for WRN will be greater.

Let's hope this will be the case and that we won't get fleeced.

RJM.

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