BRO-X MINERALS (C.BXO) Message Board

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Gold/Mining/Energy : BRO-X MINERALS (C.BXO)

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To: maps who wrote (308)	3/18/1999 12:14:00 PM
From: the Chief	Read Replies (2) of 363

Hi maps. does this mean that we have to pay 10c per share that we already own to make this work Thats the way I read it. This will result in the company getting enough money (assuming 1/3 of shares are tendered for this deal) to pay Bresea. Devil's advocate position You pay .10c per share for shares you already own. You have the chance of owning shares in a company for .10c that then has 21,000,000 shares O/S (assuming all tendered) with $1.4 million in the bank (.10x 21mm = $2.1mm - .75mm = $1.4mm) Each tendered share has a warrant attached to it for .10c So FD would be 42,000,000 shares. If all warrants were exercised than the company would have $3.5mm in the bank However, I believe the likeihood is that if only the $750K was raised then the company would likely be inactive until they find a business to conduct. As soon as they do, they will need money so would then performing the "old reverse split" and once aqain we would all feel the huge sucking sensation on our wallet!! A feeling we are all quite familiar with!! So my intention is to talk to Devlin and pose these scenarios to him on the phone. When I decide what I am going to do, I will let everyone know what and why I have chosen this course!!! the Chief

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