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Microcap & Penny Stocks : USXX IS UP @.34 CENTS WITH 400,000 SHARES TODAY!! -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (158)	2/26/1998 10:20:00 AM
From: CAPT.DAN	Read Replies (1) \| Respond to of 348

DD, The way I understand it, is that today is the day if they want to convert. The conversion rate is at .495. That should equate to roughly 555,000 shares. If they all convert today. No big deal.($275,000 divided by .495 = 555,000 shares) For the savings that was derived from this capital that was raised(approx. $247,00 after commissions were paid) this dilution should have little or no effect on the stock. I believe this paid off some old bills that the NEW COMPANY inherited when they took over. The saving was about .50 on the dollar. Now that was a smart move. Cleans up the sheet for half the money. There are 275000 warrants that can be converted at $1. Now it would not bother me to see even those converted over the next day or two. <VBG> Dan