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Gold/Mining/Energy : ORIOLE SYSTEMS (OOL:VSE)

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To: Syncrude who wrote (393)	5/19/1999 10:42:00 PM
From: Don Johnstone	Read Replies (1) of 605

<<a need to raise cash>> <<APRIL 30, 1999 Oriole Systems Announces e-China Project VANCOUVER, BRITISH COLUMBIA--Oriole Systems Inc. announces the signing today of a memorandum of understanding (MOU) to acquire 51 percent of Success Technology Ltd. of Hong Kong (STL) for US $5 million ($2.5 cash and $2.5 million debenture instrument).>> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I guess you're quite right. And there I was thinking you got the cash first and the deal second! It's the other way around. Deal outlined first by way of a memorandum of understanding, then the necessary cash is raised to meet the terms, then the deal is finalized. Makes sense to me, for a change! :-) The $2.5 M cash is raised by the stock issue on NASDAQ, and the $2.5 M debenture is paid off over time with the income from the e-commerce business, right? Now all I need to figure out is where my OOL(VSE) shares enter the picture! And who owns/profits from this e-commerce venture, OOL shareholders or the NASDAQ share holders? Or both? Some answers and more questions! Cheers, Don

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