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Microcap & Penny Stocks : TESCORP (TESC) = Undervalued Opportunity! -- Ignore unavailable to you. Want to Upgrade?

To: leigh aulper who wrote (134)	11/13/1997 9:37:00 AM
From: timmy e.	Respond to of 206

Leigh, Thanks for the info. It completely blindsided me. I'll write back as soon as I hear something.

To: leigh aulper who wrote (134)	11/13/1997 2:18:00 PM
From: timmy e.	Read Replies (1) \| Respond to of 206

Leigh, Here's the best I could do to explain what the release meant. Supercanal appears to be having a problem rounding up financing for the newly issued shares of common (@ $3.33 per) and preferreds (@$100 per). They appear to have the financing together for the remaining shares that are currently outstanding. From the wording of the press release, they appear to want to keep the $4.50 per share price as is (smart move.........considering we still have to vote on this merger!) Anyway, these matters are expected to be resolved within the next week or so. Here we go again.........nothing is ever easy with this company!!!!!!!Your comments are appreciated.