WCTI (Wordcruncher Internet) Search Engine of the future. Message Board

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Microcap & Penny Stocks : WCTI (Wordcruncher Internet) Search Engine of the future.

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To: trader14U who wrote (4578)	3/6/1999 10:51:00 AM
From: Rob29	Read Replies (2) of 5300

I found the press release to be quite informative. If the convertible is at a discount to the current bid then the following statement would be impossible to include in the press release ''Effectively, assuming that WCTI takes down the full $15 million, we will have given up shares equal to approximately 12.55% of the existing shareholder base in exchange for this substantial equity injection. Fully diluted, approximately 11% of the outstanding shares will be owned by the new shareholders.'' Try as you may I just don't think you can twist the words on this one. It is very clearly stated.

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