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

To: y2kfree_radical who wrote (48857)	5/30/2000 6:49:00 PM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

RAVE eps diluted .19 ....do the math. I just read the 10K and don't find anything that warrants such a low stock price. ---------------------------- "As of May 24, 2000, 5,201,613 shares of the registrant's common stock were outstanding, and the aggregate market value of the voting stock of the registrant held by non-affiliates (1,741,000 shares) was approximately $2,285,063 based on the market price at that date." CONTINUED CONTROL OF THE COMPANY BY PRINCIPAL SHAREHOLDER. Mr. Randall Rankin owns beneficially approximately 54% of the outstanding shares of the Company's common stock. As a result, Mr. Rankin has the ability to exercise effective voting control of the Company, including the election of all of the Company's directors, and on any other matter being voted on by the Company's shareholders, including any merger, sale of assets or other change in control of the Company. NO DIVIDENDS AND NONE ANTICIPATED. The Company has not paid any dividends since its inception and does not intend to pay dividends in the foreseeable future. For the fiscal year ended February 29, 2000, a significant percentage of the Company's product sales was derived from hard parts and approximately 65% of the Company's sales were to Professional Installers, 10% to DIY customers and the remaining 25% to Independent Auto Parts stores. The Company believes it is not only in the business of selling auto parts, but is in the service business. Heavy emphasis is placed on having professional personnel to provide responsive customer service. Employees receive extensive on-the-job training and participate in a cash incentive program, allowing them to participate in the Company's financial success. STOCKHOLDERS' EQUITY The Board of Directors (the "Board") is authorized, without further stockholder action, to divide any or all shares of the authorized preferred stock into series and to fix and determine the designation, preferences and relative participating option or other special rights, plus the qualifications, limitations, or restrictions thereon of any series so established, including voting powers, dividend rights, liquidation preferences, redemption rights and conversion privileges. As of February 29, 2000, the Board had not authorized any issuances of any series of preferred stock, and there are no plans, agreements or understandings for the authorization or issuance of any shares of preferred stock. In the year ended February 25, 1997, the Company issued warrants to purchase 100,000 shares at $13.50 per share. These warrants expire in October 2000. The Board also instituted a stock option plan under which 250,000 shares of common stock are reserved for issuance at no less than the fair market value of the stock at the date of grant. Options expire five years after the date of grant. On July 30, 1999, the Board approved an increase in available shares to 500,000 shares.