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Microcap & Penny Stocks : Advance Gaming Technologies Inc. (AGTI) -- Ignore unavailable to you. Want to Upgrade?


To: ISOMAN who wrote (4497)7/6/1999 9:01:00 PM
From: Spark  Read Replies (1) | Respond to of 4539
 
Didn't get it..I knew of the reverse though..you'll see it up after the reverse, then numbnuts buyers will bring it up some more..but those of you that are holding shares now, suddenly have a crappy few left...many will sell..I would (been there done that) that's the bottom I'm really looking for...Good luck to ya all..

S



To: ISOMAN who wrote (4497)7/7/1999 8:42:00 AM
From: SCOOBEY-DO  Respond to of 4539
 
To All,

After the reverse-split, AGTI will have approximately 26,742,000 shares outstanding in my estimation. 25 + (115 / 66 or 1.7) = 26.7MM.

>>The plan authorizes the company to issue 25 million shares of new
common stock.<<
>> Approximately 115 million shares of the company's common stock are outstanding at this time.<<

After the RS my base will be $1.32 / share. It looks like the creditors are getting a good deal. Their base will be $0.53 / share. IMO

>>Unsecured creditors holding allowed claims will be issued 1.88 shares of new common stock for each $1 of allowed claim. <<

I hope that the new management is strong enough to pull this company out of the ground.

Scoobey