you are right on this. Just check the SEC filing and this is what I found,
" The shares of Company Common Stock held by Stac immediately prior to the
Distribution will be distributed to holders of record of Stac Common Stock as of
the close of business on October 15, 1998 (the "Record Date"). As of the Record
Date, there were issued and outstanding [482,906] shares of Company Common
Stock, held by 21 stockholders of record including Stac, and 6,000,000 shares of
the Company's Series A Preferred Stock, par value $.001 per share (the "Series A
Preferred Stock"), all of which were held by Stac. Immediately prior to the
Distribution, Stac will convert all shares of Series A Preferred Stock into
Company Common Stock, resulting in Stac's owning 6,000,100 shares of Company
Common Stock. Stac will distribute approximately one share of Company Common
Stock for every four shares of Stac Common Stock held by Stac stockholders on
the Record Date (the "Distribution Ratio") and will not retain any shares of
Company Common Stock following the Distribution."
Cheers,
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