Securities Resolution Advisors, Inc (PAID) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Securities Resolution Advisors, Inc (PAID)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tonto who wrote (100)	2/2/1999 5:07:00 PM
From: steven berk	Read Replies (1) of 135

To Tonto, Seems quite simple. It looks like a reverse merger. SRAD is going to acquire 100% of internet auction. In return Internet auction is going to acquire 80% of SRAD. Therefore once closed, the name of the stock will change to internet auction and they will be the majority shareholder. According to the announcement, SRAD's management will step down and AUCTIONS management will take over. Obviously the balance of the 20% represents the public shares and or float. This is a effective way for auction to be public. Seems self exp: To all that have knocked the current management of SRAD you should be happy-they will no longer be management according to the release. I am sure certain people in the group will try to knock the new management. There has been nothing but negative talk about SRAD. Hopefully you will give the new guys a fair shake. As a shareholder of srad who paid less than 1.125 per share, I am elated. Good luck to all

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next