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Non-Tech : The Children's Beverage Group (TCBG)
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To: gambler who wrote (2078)11/9/1998 11:40:00 PM
From: KSully  Read Replies (1) of 2452
 
Calvary,

Thanks for the post and by all means - post again.

Gambler and Others,

Any info on "reverse mergers"?

I'm confused as to how a market was created in TCBG shares if Savant was a shell concern with no shares in public hands (assumption given lack of info). Can IPO's be reversed as well? As an example, TCBG create's a demand for its shares and sells Company stock onto the market. This raises cash and capital of which is then reflected on the books. Was TCBG able to do such a thing and if not, where did the shares come from and where did the proceeds go? What about private placement of shares for X amount where those investors then provided shares to the open market?

I lack an answer.

KSully

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