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.

Microcap & Penny Stocks : SETO Semicon Tools Inc. -- Ignore unavailable to you. Want to Upgrade?

To: TraderGreg who wrote (82)	2/3/1998 10:59:00 AM
From: Cleve Noyes	Read Replies (1) \| Respond to of 3222

Where did you get the 55% figure from? Unless I am misreading the 8-k (filed 12/09/97)the correct percentage is 49%. In other words Teit Tatt effectively bought Semicon Inc. and not the other way around. Everyone seems to have missed the significance of this. The 8-k clearly states that control of the "company" (ie. SETO)is now in the hands of Mr. Tan Khay Swee. He owns 51% of (a contolling interest in) the company. So although SETO bought Teik Tatt for 10 million shares of SETO stock, the previous owner of Teit Tatt is now the controlling owner of SETO. Am I thinking about this incorrectly? Please correct me if I'm wrong. I guess my point is not that this is necessarily a bad thing, but some people were questioning the motivation for Teik Tatt wanting to be bought by SETO and that the reason was access to the U.S. stock markets. Well, it's alot less risky to have your company bought out when the end result is that you have a controlling interest in the company that buys you out.