AmeriResource Technologies (ARET) Message Board

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Microcap & Penny Stocks : AmeriResource Technologies (ARET)

ARET 0.0001000

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Nov 5 1:03 PM EST

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To: Ken W who wrote (1955)	8/30/1998 7:05:00 AM
From: Mr. Jens Tingleff	Read Replies (2) of 7609

Here's the cut from ARET's filing on the issue acquiring 2% of FXWA: On June 19 ,1998, the Company exchanged 16,257,166 shares of its common stock for 113,800 shares of Flexweight Corporation's common stock. All shares issued were issued pursuant to section 4(2)of the Securities Act of 1933. The Company acquired these shares as an investment and is considering further business arrangements with these entities in the construction arena. You said in your last post: We bought 2% of Flexweight in an equal share for share deal. Do the math Flexweight is currently trading in the 7 dollar range. How many share did we have to give to do a equal share for share deal. If FXWA is 7$ that is 796600$ worth bought with ARET shares at the valuation price 4.9 cent. Are you calling this a bad deal.? Say use FXWA Friday closing price (where 400 shares were sold outside bid/ask) at 5.53$ - It's still 629314$ worth bought with ARET shares valuated at 3.9 cent. The further acquiring of Flexweight as of Aug 7. is done at Bid price of FXWA. I'm sorry, I do not understand how this points in the direction of a reverse - The connection to floorles dibentures is also totally ununderstandable to me - I may be stupid, so please explain the basis for your thoughts. Kr Jens

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