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To: TEDennis who wrote (2139)5/12/1998 5:33:00 PM
From: CatLady  Respond to of 7491
 
TED,

Thanks for trying to answer, but the confusion arises because one of Jim B.'s early posts gave some numbers, then there were other numbers in one news release, then a later JimB. post had somewhat different numbers. And there was talk of preferred shares, convertible to common shares. Is that a one to one conversion? When are they convertible? When are they tradable? It would be nice to get the whole picture in one place.

Edit, I see marcos asked just about the same questions.



To: TEDennis who wrote (2139)5/12/1998 7:04:00 PM
From: CatLady  Read Replies (2) | Respond to of 7491
 
Answer as posted on Yahoo #1005 by RONIW

-----------------------------------------------------

6.1 to shareholders of AR BRooks released from Escrow Sept. 98

Balance of I/O 13.4 million

If and When shares issued to Merced and Telanis, some tied into earn out position re sales the I/O will be 22
million down the road. after 1.5 million to each of the above.

Hope that clears the issue once and for all.
Rhonda Windsor



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