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Microcap & Penny Stocks : The ReDOX Wine Bar (RDOX)
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To: Junkyardawg who wrote (230)8/10/1998 5:09:00 PM
From: Arthur Radley   of 282
 
Lamar,
I'm taking the liberty to send you this message by PM so as not to cause a conflict with you and your fellow Redoxers.
1. With 10 million in funding and 45 million shares out standing you would only have a book value of .22 cents per share, not $4.50. Even with this, you would have to figure any outstanding debt so when this is considered with the 10 million of promised funding you are still looking at less than .22 cents. A quick math lesson.... with 45 million shares outstanding you would need $45 million in NET assets to equal a dollar of book value.
2. For you to state that they have the funding is very questionable as it would put them in violation of SEC rules that force companies to release to the general public/shareholders any material information that would have an affect, either negative or positive for the company. For RDOX to have funding and not release such information would in my opinion be a grave omission on their part and the SEC would definetely frown on such action.
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