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Technology Stocks : Lance B's : Its A Beautiful Thing -- Ignore unavailable to you. Want to Upgrade?

To: TGO who wrote (4193)	3/3/2000 6:46:00 PM
From: Sprintcar	Respond to of 4792

BCAM appears to be catering to the preffered stockholders. In their 14A filings, they are allowing the preferred shareholders votes as listed below: Only shareholders of record at the close of business on January 30, 2000, the record date, are entitled to notice of and to vote at the annual meeting. At the record date, the following voting securities were issued and outstanding, all of which are entitled to vote as one class: (a) 38,083,700 shares of common stock, having one (1) vote each; (b) 262,884.3 shares of Series A Preferred Stock, have 150 votes each (c) 82,811.351 shares of Series B Preferred Stock, having 1,500 votes each and (d) 107,667 shares of Series C Preferred Stock having 100 votes each, a grand total of 212,500,043 votes. The closing price of our common stock on January 31, 2000 the record date was $0.14 per share. There is no trading of BCAM's Preferred Stock. This means the preferred shareholders control the vote, and this will IMO pass. This next exerpt shows IMO why: The Company has issued four classes of stock, as follows: Common Stock - 38,083,700 shares outstanding; Series A Preferred Stock, each share convertible into 150 shares of Common Stock - 262,884.3126 shares outstanding; Series B Preferred Stock, each share convertible into 1,500 shares of Common Stock - 82,811.351 shares outstanding; and Series C Preferred Stock, each share convertible into 100 shares of Common Stock - 107,667 shares outstanding. Then in this exerpt from the filing they show how much they care about us, the common shareholder: The Restated Certificate includes a 1 for 15 common stock combination. Pursuant to the combination, each fifteen (15) shares of common stock will be automatically converted into one share of common stock. The combination will initially decrease the number of shares of BCAM common stock issued and outstanding. Fractional shares resulting from the reverse split will be rounded up to the next whole share. In addition, BCAM's outstanding stock options and warrants provide for the adjustment of the price and the number of shares into which each outstanding stock option is exercisable, into in the event of, among other matters, a common stock combination. Their indication to be listed on the nas small cap market is coming at the expense of us the common shareholders because as you can see in the fileings, they are taking care of their preferred shareholders. This is a shame, IMO the management of this company when it comes to the financial well being of its shareholders is #### poor. If the company would put out pr's on their accomplishments and direction this stock IMO would hold its own in the open market. They fail to realize that a rs on a bb stock brings havoc. They don't need this IMO. I sincerely hope this company reconsider its position and reward the common shareholders for having faith in the company by putting their hard earned money into it.As it stands from the filings they just want to take care of their "PREFFERRED CROONIES" sprintcar