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Gold/Mining/Energy : Telepanel Systems - TLS -- Ignore unavailable to you. Want to Upgrade?

To: Richard J Quesnel who wrote (898)	6/25/2002 10:12:42 AM
From: waitwatchwander	Read Replies (1) \| Respond to of 948

After the recent share offering @ 15 cents, my take is that the company is now on the line for 60 million shares outstanding. The folks funding the last debenture offering will have their cash covered by the value of their "sweet" warrants at around 80 cents. How does a debt free Telepanel get to be worth $50 million? I believe that market cap was reached right after they announced the A&P order and the idea of merging with ERSI. Sedar has more details than the earning release. sedar.com Rick, Is this (or conversations with Dave Frame about such) the basis of your hunch? Trevor