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Microcap & Penny Stocks : Make Money with this No Brainer! OTC:BB-XLCCP -- Ignore unavailable to you. Want to Upgrade?

To: Paul Andrews who wrote (2)2/17/1998 6:48:00 PM
From: jjs64  Read Replies (1) | Respond to of 10
 
Paul;

A previous XLI merger had been terminated by the acquirer. Perhaps there is some uncertainty that the deal with actually go through. Without the merger the shares may be a zero. However, the preliminary proxy is a nice step forward.

best regards;
Joe



To: Paul Andrews who wrote (2)2/20/1998 1:24:00 AM
From: Sr K  Read Replies (1) | Respond to of 10
 
This idea is a no brainer!

From the proxy statement, each preferred is convertible into 2.4884 common. Continuing ... Based upon these assumptions, holders of XLI Common Stock shall be entitled to receive approximately $0.84 per share in Merger Cash, and holders of XLI Preferred Stock shall be entitled to receive approximately $2.09 per share of Preferred Stock in Merger Cash.

No wonder the common has an asked price of $.875.

I hope you didn't lose too much.


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