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Microcap & Penny Stocks : EXSO -- Consolidated Eco-Systems (Exsorbet Industries) -- Ignore unavailable to you. Want to Upgrade?

To: Lee Fredrickson who wrote (3681)	2/16/1998 6:58:00 PM
From: Ditchdigger	Read Replies (2) \| Respond to of 5015

Well Hello Lee, do you have your pencil sharpened and handy<g> Given: Debentures can converted at 80% of 5 day average closing price. Per Chip $1,125,000 worth of debentures left to convert. For arguments sake, will call the average closing price at $.15 $1,125,000/(.80X$.15)= 9,375,000 shares ______________________ Given: Debt. to APS $3,800,000 biz.yahoo.com Again,For arguments sake, will call the average closing price at $.15 $3,800,000/$.15=25,333,333 shares. Total shares to convert debentures and $3.8 million debt with American Physicians Service Group, Inc. to equity34,708,333 shares Per Chip,48 m outstanding Company charter---50m authorized. It appears from these rough calculations Shareholders will be asked to amend the charter and authorize a minimum of 33 million additional shares....(rough numbers)[$.30 share price would obviously cut this number in half..] I hate my pencil** DD PS: I would assume the shares(if) issued to APS would be restricted(144? -1 year trading restriction)-only a guess..in fact it is all a guess... PSS: remember these are a ditchdiggers numbers-not an MBAs PSS: also remember these conversion numbers were negotiable with,for example the Shaar fund..