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Microcap & Penny Stocks : Ben Ezra Weinstein (BNEZ)
BNEZ 0.00Sep 18 5:00 PM EST

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To: Elio Madama who wrote (3131)10/2/1998 10:00:00 PM
From: Jud  Read Replies (3) of 9391
 
Elio,

Please correct me if I am wrong, but I believe the reverse split did not affect the number of shares authorized, which remains at 35,000,000. Whatever common shares there were outstanding 6/18 (and, I believe now that all shares were common), were affected by the reverse. Of course, subsequent to the reverse, new shares may have been issued.
I do not mean to question in any way whatsoever the integrity of Mr.
Ben Ezra or Mr. Weinstein. If that was the impression you received, it was certainly unintended.
I would like to repeat one of my questions. Does raising the amount of shares authorized on 11/20/97 from 20M to 35M give us any insight into what was ultimately paid for the the companies BNEZ agreed to acquire earlier this year? (By "ultimately paid", I am assuming that the payment was in the form of new shares (restricted and unrestricted) issued post reverse.)
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