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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Bidder who wrote (29190)	2/19/2000 12:40:00 PM
From: TallTrader	Respond to of 150070

DD on FSMEP (Class D Preferred Stock) I called investor relations. I recommend you do the same. Basically, they told me that beginning in the year 2002, you could possibly receive a cash distribution of between $.01 - $.10 for this Class D Preferred Stock. The distribution will be at the companies' discretion. NOTICE from the 3/97 10K (see below) where it says "when and if declared" by the company. Also, the amount is "based on the adjusted cash flow of Fresenius Medical Care from January 1, 1997 to December 31, 2001." HAS ANYONE CHECKED THIS CALCULATION? IS THERE ANY ADJUSTED CASH FLOW TO DISTRIBUTE? For those that are saying that this stock is "going to $.20," please tell me the amount of ADJUST CASH FLOW that will be distributed up to this point (from Jan 1, 19997 - Sep 30, 1999). This information should be available from the SEC filings. If it is actually a positive number, then I may be interested in buying this PREFERED STOCK. ========================================================================== FRESENIUS MEDICAL CARE HOLDINGS INC /NY/ Form: 10-K405 Filing Date: 3/31/97 Immediately following the Distribution, in a recapitalization, W. R. Grace changed its name to Fresenius National Medical Care Holdings, Inc., and each holder of Grace Common Stock received one share of the Company's Class D Preferred Stock for each share of Grace Common Stock previously held. Holders of the Class D Preferred Stock are entitled to receive, when and if declared by the board of directors of FNMC, a Special Dividend, payable in cash in annual installments beginning on October 1, 2002 (and in each subsequent year until the dividend is fully paid) in an amount based on the adjusted cash flow of Fresenius Medical Care from January 1, 1997 to December 31, 2001.