TPII - Year 2000 (Y2K); Groupware; Client Server Migration Message Board

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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration

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To: JOHN IACOVACCI who wrote (10637)	4/26/1999 11:55:00 AM
From: Ice Cube	Read Replies (1) of 10903

They will only be able to revese it when all the coverts have been done. The people that do the converts make sure therat the contract has several things in it to protect them. One is an anti dilution clause, another is a "no stock split" feature, another is the massive penalties for failure to get the SB2 approved in a set time frame. The penalty is that when the stock gets converted, the discount to the bid is larger. So, if the original deal is that the convert holder is to get a 35% discount to the bid and the company screws up the SB2, he holder might get a 50% discount as the penalty. Varies deal to deal... After all the coverts are done, if they reverse it, the stock will immediatly start trading down as the stock has already been proven to be a POS.

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