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

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To: Leroyt who wrote (3160)10/3/1998 4:24:00 PM
From: Jud  Read Replies (2) of 9391
 
Leroyt,
In your message you used 1 million share preferred, yet I thought there were 4 million prior to 6/4/98 (as on that date all preferred went away). Did you mean 4 million?
Here's a point that I would like to pin down and get your best reply to: as things go on and shares are issued, if Mr. Ben Ezra and Mr. Weinstein wish to remain in control, don't they have to be paying attention to their share count so that it stays above 50% or are there other types of shares being issued that do not affect control (i.e., voting)?
Let me put it another way. A lot has been said about there being 6M (or so) outstanding shares. Does that mean the two principals own 3,000,001 or more? If so, where did they get them? Do they have to announce if they are in the market for them? If they couldn't have them, does that mean they have lost control or that our outstanding share count is too high? (I'm hoping the latter, by the way.) Is there something critical here I am missing?
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