ASK: "THE LAST DON" OF MOMENTUM TRADES Message Board

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Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES

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To: Mr Metals who wrote (3488)	1/19/1999 2:06:00 PM
From: David Sirk	Read Replies (3) of 15987

IDCN!! January 18, 1999 - Montreal The Company's plans are firming up with the final details to be announced soon. Indocan will split its natural resource properties in two and have each new spin-off company publicly quoted. This move, as mentioned on 15 January is to enhance the value of each diverse major property that the Company currently holds. All the Company resource assets will be vended into the new entities. The shares of which will be distributed to the current shareholders as of a specific record date to be announced in the near future. The remaining company known as Indocan Resources Inc. will effectively be a shell company that is going to announce a major acquisition in the coming week. The acquisition will be of a company that did over $500,000,000 (USD) in sales last year and has an aggressive plan for growth in the future. The final details are being worked out and will be announced via a public news release as soon as is practicable. The general terms as of this writing would see a 1:10 roll back of the current Indocan structure. This is after giving effect to the two company stock dividends that each shareholder will receive from the two spin-off companies. The Company would then issue an amount of shares to purchase the entire interest of the $500m per annum company giving them controlling interest in Indocan that would then do a name change to their business. After the Reverse-split and the Reverse-merger, the Company expects a $6.00 to $12.00 quoted price per share with more than $10.00 per share in initial annual sales. Calculating the effect to current Indocan shareholders after the roll-back versus the current quoted price (1 for 10) the fair market value of the stock today is $0.60 to $1.20 based on the projected $6.00 to $12.00 value of the post transaction trading price. No assurance can be given that these or any prices can be met or if met maintained. This information has not been approved or disapproved by regulatory authorities. Check this page of this Web Site often and watch the wire services for news regarding the furtherance of these proposed transactions.

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