TNRG Tianrong Building Materials Message Board

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Microcap & Penny Stocks : TNRG Tianrong Building Materials

TNRG 0.000200

0.0%

Jan 16 9:30 AM EST

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To: Wink who wrote (3854)	11/6/1998 5:12:00 PM
From: ISOMAN	Read Replies (3) of 9824

I was only able to get 25k filled out of my order at .017. Damn Market Makers. Maybe the rest will fill tomorrow. To answer the question posed about the mall... Most of the Revenues go towards paying the interest on the depentures. At 4million (80% of 5 million) there is 160,000 left over. So it basically zeros out. However, once the cost of the shares increases to $3 then the debentures can convert to shares (16 million) and the interest payments end. Incidently, the revenue from the Mall could justify this $3 per share price needed, which is how the conversion price was established.

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