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

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To: Jud who wrote (3134)10/3/1998 3:44:00 PM
From: Leroyt  Read Replies (5) of 9391
 
I have read the posts by all and have the following comments:

1. DIVIDEND: The dividend was announced in a July (I believe) PR. I will post it if anyone would like (it's at my office so it'll have to wait until Monday.

If you were an owner of BNEZ at the time of the dividend, and HAVE NOT received your dividend, PRESS YOUR BROKER to find out WHY NOT! This will put pressure on the MM's and the company to resolve this situation. I did not own shares at the time of the dividend (unfortunately).

2. 506 Shares: I think otcbb talked about this. Whoever it was, PLEASE explain what you know about the BNEZ 506. When was it done? How many shares?

And also, try to explain in clear terms what type of stock a 506 creates and exactly how are they restricted. I will discuss this issue with an attorney next week so I understand the details more.

Thanks to all and I appreciate the constructive discussion.

BTW, let's assume Jack and Mike added $400k at 0.10 (minimum price) and I thought the 1 million preferred (Sept. 1997) converted to 1.5 million common. That's a total of 5.5 million shares which may have been used to kept control when an equivalent number of shares were issued to the new acquisitions. But then the new share would be 11 million and then...

I have year end financials for Sept. 1997 and the sharecount increased over the previous 3 months (as I recall) which may have been done to compensate employees. Perhaps we should use that as a regular interval addition. I think it was on the order of 2 million shares for a quater.

So, if we add another 10 million shares for 5 quarters we may be getting close to the number.

Also, I would think Dr. Clark would get paid in both cash and shares.

Any comments??
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