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Microcap & Penny Stocks : IDCN - gold, garnet, etc.
IDCN 0.000010000.0%Mar 6 3:00 PM EST
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To: Sojourner Smith who wrote (2041)8/31/1998 3:33:00 PM
From: Gordon Gekko  Read Replies (1) of 5908
 
Jeffrey finally responded to my e-mail. It doesn't have anything new, but I will post it anyway.

GG

Subject: Re: Questions Regarding Buyout Offer
Date: Mon, 31 Aug 1998 09:20:03 PDT
From: "Jeffrey Bruhjell" <jbruhjell@hotmail.com>

I think all your questions have been answered in news releases. The
stock is not being acquired up to .375 because it is a bulletin board
stock. No institution audience. Also, the CMI is for "All or None" They do not want 100,000 or 1,000,000 or else they could buy it in the market like everyone else. They want our assets cheap.

Thanks for your interest.

Jeffrey



>Date: Wed, 19 Aug 1998 09:11:09 -0700
>To: jeffreyb@axion.net
>Subject: Questions Regarding Buyout Offer
>
>Jeffrey,
>
>I am currently a shareholder and I have a few questions regarding the
>buyout by CMI.
>
>What is the timeline for the acquisition? Shareholders meeting and
>projected final closing date.
>
>Is there any new status to the bulk sampling?
>
>You have previously stated that IDCN is potentially worth far more
>than .375. If that is true then why have you accepted this offer from
>CMI? Is this a ploy for other offers? Have you been contacted by other
>companies?
>
>Why hasn't the stock moved to the .375 offer price? Are the market
>makers playing games here? Are they short of shares and the only
>way to make this up is to try to induce selling?
>
>How many shares are outstanding and in the float?
>
>Thanks for all the info.
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