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Microcap & Penny Stocks : CBQ Inc CBQI
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To: makin_dough99 who wrote (354)5/2/1999 12:46:00 PM
From: Whitetigr  Read Replies (1) of 1101
 
From the letter he sent I don't think that he will complete the transaction of the extra shares especially since the other parties defaulted on the agreement. From the letter:

"As discussed above, we agreed to
the sale of 60,000 shares of Common Stock at a price of $2.75 per share. A DVP account was set up for this purpose. Your clients attempted to misappropriate these shares and, in any event, refused to transfer the agreed consideration. They failed in the agreement they made. They then spread rumors in the market in an attempt to
impact the price of the stock. Failing that they are now making the demands set forth in your letter."

With them having failed in the agreement that they made in my opinion I would not expect Pierce to be eager to make any more agreements with them. Maybe he will still let them buy the shares but that was not my impression after reading the letter.
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