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To: Big Dog who wrote (967)3/18/1998 6:33:00 PM
From: Big Dog  Respond to of 34592
 
Here it is post # 967 come to life. TNRG

TNRG cancels 25% of the float (my figures are closer to 32%). Reuters, Dow Jones and PRNewswire picked it up....(I hear more to follow after this)...

Wednesday March 18, 4:38 pm Eastern Time

Tianrong says it cancels 2.5 mln shrs

NEW YORK, March 18 (Reuters) - Tianrong Building Material Holdings Ltd Wednesday said it canceled 2.5 million shares of its previously issued stock, cutting outstanding shares by a tenth and public float by a quarter.

The company would not discuss who owned the shares that were taken out of circulation.

The stock traded at 0.085 Wednesday afternoon.

Tianrong said its goal is to acquire companies in numerous industries and quickly grow value.

''It is anticipated that on a long-term basis some of its acquisitions may be spun-off to Tianrong shareholders via stock

More Quotes and News:
Tianrong Building Material Holdings Ltd (OTC BB:TNRG - news)
Related News Categories: US Market News


BIG DOG



To: Big Dog who wrote (967)3/18/1998 6:55:00 PM
From: CommO  Read Replies (1) | Respond to of 34592
 
BD, not to take anything away from your abilities, if any, but this information was available on the new TRNG thread which opened on 3/17/98. One day before your post in which you stated to TM, "note the time/day of this post". It has speculations of pending announcements and 25 million shares cancellation. It mentions two possible announcements soon, one: medical related, and the other: sports/entertainment acquisition. States that they received information from Company's President. ?Maybe your revelation is not so insightful?? LOL. Mike "Torajiro".