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Microcap & Penny Stocks : ETPI-Military Entertainment Enters Civilian Market -- Ignore unavailable to you. Want to Upgrade?

To: TerriB who wrote (4729)	9/30/1999 10:12:00 AM
From: Gator	Read Replies (1) \| Respond to of 4767

Looks like a real good deal for ETPI (and us). Yes, it will eventually lead to more stock being issued when the notes mature, but it won't be dilutive if earnings outpace the share growth. Reduction in debt will help the bottom line, as will additional acquisitions which hopefully will be immediately accretive to earnings. Having the President from the funding company on the board of directors practically ensures that the money will be wisely spent. Gator Disclaimer: I have received 10,000 restricted shares of ETPI in exchange for various consulting services.

To: TerriB who wrote (4729)	9/30/1999 7:51:00 PM
From: Toby Zidle	Read Replies (1) \| Respond to of 4767

Normally I don't like this type of financing which puts a lot more shares in the float and is inevitably dilutive. In this situation, however, it does sound like a good (and needed) deal. It relieves the strangle-hold on cash flow of debt service. This in turn permits the business to focus on improving operations instead of bank account balances. And Capital Growth Resources gets warrants for 1,000 shares of common stock at $1 per share. Bad? No, for CGR to benefit, ETPI stock has to be trading at or over $1/share ... an idea I heartily endorse. The best benefit may be the one least heralded. ETPI gets Doug Miller on the Board of Directors. Finally there's someone on the Board who KNOWS about finance. I apologize if I'm slighting some ETPI CFO or anything like that. However, as I've said (or inferred) in the past, I don't think the CFO has been doing a quality job, as I judge from the examples of the quarterly financial reports. I hope that Miller will exert his influence to upgrade financial reporting. (After all, if we can't tell how well the company is really doing, does ETPI even know how well or poorly they are doing?) I'm looking for Miller to improve on this. Ultimately, CGR can not be a winner in this financing deal unless ETPI itself is a winner. Go ETPI/CGR!