Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TNRG Tianrong Building Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (837)	3/31/1998 9:19:00 AM
From: Jack of All Trades	Read Replies (1) \| Respond to of 9824

ALL Just got off the phone with Ed Williams at the PR. My BIGGEST concern with the latest news announcement was with this statement: "The acquisition is to be financed via a $48 million convertible debenture. The conversion price of the debentures will be $3 per share. " My concern was that they can take this share price to $3 by doing a reverse split! The convertable debenture as written will adjust the conversion price for ANY split that will happen! IE if they do a 10:1 reverse the conversion price would be $30.00 or visa versa. Let the party begin. JeffG