NP Energy Cp New Message Board

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Gold/Mining/Energy : NP Energy Cp New

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To: KMT who wrote (13785)	2/1/1999 10:40:00 PM
From: J. Nelson	Read Replies (2) of 22810

KMT: It was better back with 85.5 mm shares not the 95.5 now. The MDIN shares will cost NPEC forward about $4.7 million to convert. At .25 cents each.. MDIN would need to be at about .35 cents to break even. Later NPEC would gain .01 cent for each .05 cents of value that MDIN can hold. IMO that's about what this one works out to be. When or if MDIN has a value of $1.00 NPEC could have a value of $.13 cents, IMO that's not much of a trade off for what was sold to MDIN just for the right to hold ownership in the Class "A" Preferred shares. That deal sucked when it first came out and it now sucks big time. The strangers from Vancouver did a great job for just one class of people in that deal, IMVHO.

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