To: ztect  who wrote (136 ) 6/7/2000 9:29:00 PM From: ztect     Read Replies (1)  | Respond to    of 177  
RE: Who's reverse merging into who? A theory.... From the Raging Zoo thread... By: ztect002 Reply To: 76572 by topfuel Wednesday, 7 Jun 2000 at 9:20 PM EDT Hey Top Fool, I clicked the thread before logging on so I  get the opportunity to respond to one of your puerile posts.    But Top Fool, I've tired of refering to you    as Quixote, so I've nick named you some one    more contemporary and less quixotic    So Caufield, still standing in rye fields trying    to catch the kids from falling over the cliffs?    Since you haven't stopped the merri-go-round    and prevented anyone from falling while reaching    for the golden ring, let me clue you in on something.    General Search most likely after assessing how the    IPO market has cooled down especially for Internet stocks,    decided to reverse merge into a synergistic company    in order to get listed on a market with the    anticipation and financial backing of the IB    (who I no longer necessarily conclude is LT but may    indeed be LB instead) to get a Nasdaq listing    through the restructuring of the capitalization    aka consolidation aka r/s.    I'm calling this a reverse merger, becuase (1)a private    company is using a public one to facilitate listing    and underwriting (2) GeneralSearch is controling    and getting the most shares. (3) RG after consolidation    of shares and warrants will only beneficially own    4.4 million shares or 6% of the company. His    voting power in whatever capacity on the BOD is severely    reduced. Much to the thread idiot's delight, RG will    most definitely have a less primary role. May even    relinguish CEO and COB status to CEO of General Search.    Here's is where I was fooled. I thought tsig was    going to reverse merge into a Nasdaq company "a shell"    to expedite and circumvent price requirements.    Where in fact and in theory tsig is effectively    "the shell" that General Search is merging into.    Not only is this exactly what Rare Medium, a private    company, did to get listed on the NASdaq, this is very    very similar to the arrangement Soros did with RG,    when Soros "effectively" purchased Phoenix.    At that time Phoenix bought a company that Soros    owned with money ie. financing from Soros.    I'm not sure if this is making any sense to any one    else, but it is starting to make an whole lot    of sense to me.    Have a good night all.    Sincerely,    z    (spellin' not checked)