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Microcap & Penny Stocks : Tech Squared (TSQD)- Internet Commerce -- Ignore unavailable to you. Want to Upgrade?

To: Jerryco who wrote (180)	4/20/1998 12:00:00 PM
From: 24601	Respond to of 2752

Dear Jerryco: Thanks. From the DR website I got a number for Greg Smith, the company's controller. Mr. Smith advises that DR's articles of incorporation authorize it to issue up to 100 million shares of common stock. I asked him how many shares have been issued. He replied that the last public information puts the number of common shares at about 13 or 14 million (it's in the most recent SEC filing by TSQD). In a universe of 13 or 14 million shares, 4.8 million represented about 35%. But everyone seems to agree that TSQD's current stake has fallen to about 26%. That would mean that -- since the last public information -- DR has placed about 5 million additional shares, bringing the outstanding number of common shares to around 18 or 19 million. Good luck and best wishes to all.