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

To: J.S. who wrote (3810)	3/2/1998 7:16:00 PM
From: Ditchdigger	Read Replies (1) \| Respond to of 5015

JS, "3) Will we be asked to increase the number of authorized shares to accommodate the conversion of any remaining debenture holders? Chips answer Yes. By the terms of the debenture, we are required to ask for the increase. This can only be accommodated through shareholder approval. " "4) Will we be asked to increase the number of authorized shares to accommodate/defer the financial agreement with APS? Yes. We are required to ask for shareholder approval but, even if authorized, the increase is really nothing more than additional security. APS cannot convert its debt into stock without the consent of the Company unless the Company is in default and the initial shareholder approval is obtained. One way or another these shares have to be available to APS and the debenture holders. And at this point there isn't enough available. IMO, EXSO needs another 25m +/- authorized sharesDD