IDCN - gold, garnet, etc. Message Board

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Microcap & Penny Stocks : IDCN - gold, garnet, etc.

IDCN 0.00001000

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Mar 6 3:00 PM EST

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To: Sojourner Smith who wrote (1100)	8/22/1998 11:38:00 AM
From: sandbag	Read Replies (2) of 5908

Just a thought. A European investor paid .40/share for 10 million shares. That is approx. 21% of the shares outstanding. The vote for the buyout requires an 80% approval. If you just paid .40/sh would you vote for a buyout of .375/sh. ? I think the key here is that the $4 mil. placement was to a European Investor(s). and the buyout offer is from European investors. My point: Unless the same investors that bought the 10 million shares at .40 are the same investors who are offering the buyout, they have the 21% right to deny this buyout. I am invested in this company, but I think the biggest thing we have to find out is who are the 2 European parties involved. If they are not the same, this is bad. If they are the same, this all makes sense. They would already own 10 million shares of the S/O. Regards Sandbag

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