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

To: myturn who wrote (51830)	6/19/2000 6:12:00 PM
From: Qone0	Read Replies (1) \| Respond to of 150070

CIB marine. I can`t find one. They needed to do this split though to get it trading. From their filings. c. During March 2000, CIB Marine sold 1,295 shares of its common stock at $2,593.77 per share for a total of $3.4 million pursuant to a private placement offering which commenced on March 24, 2000 and terminated on April 7, 2000. An additional 205 shares were sold during April 2000 in this offering for $0.5 million. The offering was made to a limited number of accredited investors and to CIB Marine's employee stock ownership plan, pursuant to Rule 506 of Regulation D under the Securities Act of 1933. The aggregate offering amount was $5.0 million and no commissions or underwriting discounts were incurred by CIB Marine. At May 12, 2000 CIB Marine had 111,401 shares of common stock outstanding. There`s not much of a market for $2500 a share stock.