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

To: Taki who wrote (114277)	5/2/2003 2:25:14 PM
From: Taki	Read Replies (1) \| Respond to of 150070

QTEK on this past PR..25 per share?I guess some have confidence?Will see what happens. The company also announced that current employees and previous management have agreed to convert all of their existing debt and back salaries into Series A Preferred Stock at twenty five cents a share ($0.25). The Series A Preferred Stock will have a liquidation preference over common stock and the same voting rights as common stock. These shares may become convertible into common stock at a later date on a one for one basis, pending the authorization of more shares. Management debt and back salaries had accounted for roughly 29% of all the outstanding debt of Quintek Technologies, Inc.