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Microcap & Penny Stocks : TIPS Tianrong Internet Products & Services
TIPS 0.0190-36.7%Nov 7 9:30 AM EST
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To: T A P who wrote (10)4/11/1999 10:52:00 AM
From: saltbox  Read Replies (1) of 203
 
TAP, thanks for your "all will be revealed shortly" response. It didn't clear anything up, but I guess you have restrictions on what you can legally disseminate at this point. But the high quote on TIPS is a puzzle if, indeed, any "real" investor actually paid it.
Also, I don't think anyone here on the SI threads cares how many shares you've received; that's between you and Mr.Tilton although, if you're not legally bound to reveal the amounts, a simple "I've been compensated" might save you some bashing.

Anyway, here's another puzzle you may be able to comment on:
Total # of TIPS shares: 55.5 million
70% to be held by TNRG: 38.85 million
30% to be held by others: 16.65 million
Less 5.4 million in float leaves 11.25 million

If there are about 8 million shares in the TNRG float that means 2 million TIPS shares will be distributed to TNRG shareholders. That still leaves 9.25 million shares of TIPS to be held by "others". Who?? Am I missing something here?

One last thing: Someone mentioned that TIPS/TNRG won't be able to do Internet business in China because they don't hold an ISP license from China. Do they need one? Won't TIPS/TNRG only be establishing a web site for the mall, etc. using a Chinese ISP rather than their own ISP?
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