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Microcap & Penny Stocks : THE NEW ISSM!!!!
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To: Chris J. Addison who wrote (476)2/6/1999 1:47:00 PM
From: David Sirk  Read Replies (1) of 915
 
Cris. Your math is almost as bad as my spelling.

However, 3.6 mil is 59 percent of 6.2 mil shares which is what it would
be after a 10 to 1 R/S and issue of 3.6 mil new shares.

Lets take a look at this shall we.

To be effective within the ensuing 15 days, registrant's
board of directors has determined that a recapitalization, such
that 10 existing shares will be converted into one new share of
common stock, will be necessary. Total shares issued and
outstanding following this reverse will be 2,587,745.

At one point not to long ago ISSM had 10 million shares. Now they are saying 25 million will be reversed. So far your MATH to me correct. Issm wouls have to have had 60 million shares out then done a 10 for one to get it to 6 and then issue more. Do you follow?
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