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 : ARET (Formerly KLHE) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Harb who wrote (3936)	4/13/1998 11:03:00 PM
From: melinda abplanalp	Respond to of 4594

I got home and saw 16 messages for aret. I thought it was a dream. Know how you feel!! Melinda

To: Michael Harb who wrote (3936)	4/13/1998 11:03:00 PM
From: JOEY	Respond to of 4594

Even if the stock price doesn't go up more than .01 this week, I am still happy we are coming out of our coma. Hey TOTO I don't think we're in Kansas anymore..., well maybe we are!!! Jake (can't believe I held on this long but happy I did)

To: Michael Harb who wrote (3936)	4/14/1998 12:04:00 AM
From: Gobe	Respond to of 4594

The good news is the bad new and the bad news is the good news. Funny, ain't it? I think that once we get over the relief of seeing the financials released, we'll settle down to the reality that this company is in very bad shape. I've seen prettier things written on tombstones than what I read. Still.. Damm!! It's good to see that ARET is reporting audited numbers. Anyone care to make their guess as to the closing ask on Friday 4/17? I'll say 0.025 Gobe

To: Michael Harb who wrote (3936)	4/14/1998 9:46:00 AM
From: (Bob) Zumbrunnen	Read Replies (1) \| Respond to of 4594

Starting to go through the 97 10K and will post my questions, thoughts, and musings while I do so. Hope others will, too... First one I'm posting to you, Mike, as this appears to be more your bailiwick than mine: At the end of the first page is the question "State the aggregate market value of the voting stock held by non-affiliates computed by reference to the price at which the stock was sold, or the average bid and asked prices of such stock, as of a specified date within the past 60 days." Their answer is "$2,394,669 as of March 31, 1998" Questions: 1. Non-affiliates = us = float Right? 2. Using .017 as the price (you know better than I), this answer means there are 140M shares in the float. I saw elsewhere in the 10K that Delmar personally owns 20M (23M minus the 5M owned by First Americans, plus the 2M+ preferred shares exchangeable on a one to one basis). Other questions, comments: I noticed pretty far down in the docs that the company issued Delmar 2.76M shares of preferred stock in exchange for the release of about $3.75M in debt the company owed Delmar. 1. Has anyone run across information as to how this debt was incurred? Was it in the form of cash loans from Delmar to keep the company going? I haven't run across anything showing they've eaten up that kind of cash. 2. Assuming a 1/1 exchange rate for common shares, Delmar valued the shares at about $1.36 per share. What's up with that? Shortly after the mention of the stock-for-debt exchange is the paragraph discussing Delmar's 51% ownership of Tomahawk, which is reported to have occurred on 3/31/98 (didn't someone post a very old news release saying this had already happened?), "in exchange for reduction of obligations owed to the Company". 1. I always thought that an "obligation owed to the company" was otherwise considered a receivable and was classified as an asset. Is this just a typo and they meant to say "obligations owed by the Company"? 2. Has anyone found details of that transaction that transferred 51% of Tomahawk to Delmar? I haven't run into it yet, but I haven't read the whole thing. For all I know, he might've paid $1 for it. The number of shares reportedly owned by Delmar is much smaller than he'd been telling me for the past 8 months. He's been saying 75M, but it's more like 18-26M, depending on whether or not you include the preferred shares and the First Americans shares. What's up with that? Am I misunderstanding the exchange rate for preferred shares? Would a family member be considered an affiliate? Not many shares are owned by affiliates. Can anyone point out anything that would make Delmar's assertions of 75M ownership true at any time in the past 8 months? One more question: The press release, as published by Reuters, made no mention of Tomahawk. Is this an ommission by Reuters, or is this really ARET's gig, meaning 100% of the net instead of just 49%? Anyone have the press release as originally issued by ARET? Don't get me wrong. I'm excited that the financials are finally out, and that news followed (and I'm hoping there's still more news to come -- although I'm deeply concerned about it not being on BW -- maybe they'll use BW for articles Reuters won't publish?). I just want to get a better handle on what I'm dealing with here.