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Gold/Mining/Energy : Bomax Resources - BXS.VSE -- Ignore unavailable to you. Want to Upgrade?

To: Clark Kent who wrote (287)	11/10/1999 2:44:00 PM
From: Leigh McBain	Read Replies (2) \| Respond to of 313

I don't have the answers to all of your questions just yet, but here are a few. We will be looking at January, at least, before trading resumes. There will need to be some additional DD done by the company, as well as the sponsoring brokerage house - which has NOT been selected yet. The FAI business was, I believe, originally a catalogue type model. I don't have all the details just yet, but my understanding is that it is comprised of a combination of literature, videos and seminars. The driving force behind the company, from a content perspective, is apparently Dr. Ron Jenson. Information on him is available at: publicevents.com As far as the share structure is concerned and how the deal is impacted on that front, it looks like this (with a few assumptions on my part): Figuring the current debt load being taken out in shares, at .15 and also some short term operating capital, also at .15, I figure we will see another 3.5 million shares or so come out at .15. Add that to the existing 7 million and add the 3 million shares being distributed for the merger and we should see outstanding shares at around 13.5 million, then factor in a PP at higher valuation for development of web site, revamp of product for that purpose, etc. probably another million shares or so, hopefully at .50 or higher (depends on valuation of FAI). For arguments sake though, that would put us at 14.5 million shares outstanding and .75 pre-tax revenue would mean $10.875 million in revenue to release all of the shares. However, from the terms in the NR, the shares start being released per dollar of revenue NOT when revenue warrants complete release of shares. I hope this helps. I will try and fill in more details as available. Salut, Leigh McBain