Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (9499)	9/22/2002 3:06:30 PM
From: Al Collard	Read Replies (1) \| Respond to of 11802

Hi Red, Your in with THO-v @$ .01 for 1,000,000 shares. Chart for ThoughtShare Communications Inc: stockcharts.com[w,a]dacaniay[dc][pc20!b50!f][vc60][iLa12,26,9!Ll14]&pref=G From the chart of THO we can see the stock is a POS. But the share price has no where to go but up. Red, it looks like you and I are head to head in the POS stock picking Challenge this week. May the best POS win !!! LOL Good luck with your pick, Al

To: Rocket Red who wrote (9499)	9/23/2002 6:45:51 PM
From: Al Collard	Read Replies (2) \| Respond to of 11802

THO-v...in the news: Thoughtshare $140,000 convertible debenture financing Mon 23 Sept 2002 Private Placement - Debenture The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 10, 2002: Convertible debentur$140,000 Conversion price: convertible into units consisting of one common share and one common share purchase warrant at 10 cents of principal outstanding for a period of two years Maturity date: Sept. 17, 2004 Warrants: each warrant will have a term of two years from the date of issuance of the notes and entitle the holder to purchase one common share. The warrants are exercisable at the price of 10 cents per share. Interest rate: 8 per cent per year No. of placees: five placees Insider: Fred Fabro $20,000, Blaine Bailey $15,000 Pursuant to corporate finance Policy 4.1, Section 1.11(d), the company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The company must also issue a news release if the private placement does not close promptly.

To: Rocket Red who wrote (9499)	9/23/2002 8:33:17 PM
From: The Barracuda™	Read Replies (1) \| Respond to of 11802

Red what the insiders can do with that convert is to short the tho shares risk free and collect interest. Also, are the terms of the convet such that a number of shares will be converted at the then stock price to satisfy the loan? If so, what happens if THO price drops to one cent? How many shares of THO would have to be issued to satisfy the debt? What if there is reverse split of tho and the shares drop? How many shares would be isssued to cover the debt? what would that do to the current share holders % ownership? Ans: they'd be diluted out of the company.