Asia Sapphires Ltd.(APL) Message Board

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Microcap & Penny Stocks : Asia Sapphires Ltd.(APL)

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To: Stuart Carmichael who wrote ()	3/2/1999 11:52:00 AM
From: Coho	Read Replies (1) of 11

Stuart, very interesting. Could you explain to me? On the back of the forward sales agreement, Swarovski has also entered into an option agreement to take up 2,000,000 of Asia Sapphire's shares at a price of $US1.40 per share. The option is over shares belonging to existing shareholders. No new shares will be issued to accommodate this option. This equates to over $2.00 Canadian share price. I am a share holder so will I be able to sell my shares (belonging to eisting shareholders) to Swaovski or is this option favor only the directors and insiders?

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