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Microcap & Penny Stocks : PLANET SPORTS!!! (fomerly TVSI * OTC BB) -- Ignore unavailable to you. Want to Upgrade?

To: TopCat who wrote (105)	5/21/1998 1:34:00 AM
From: Pugs	Read Replies (2) \| Respond to of 277

OK, then you answer mine... Liberty Capital/Steve Cayou took over TVSI on the verge of bankruptcy with the sole purpose of using it as a vehicle for Planet Sports, now Aggression Sports Inc, to be a publically traded co.. Now that that has been accomplished, Travis will make Aggression a subsidiary and branch off, hopefully on another board. >>>>Formation of Aggression Sports, Inc. In order to capitalize on the opportunities developed by Raabe and Boethling, the parties also restructured and re-initiated the concept of acquisitions in the extreme and adrenaline outdoor sports industry by the formation of a new Colorado corporation entitled Aggression Sports, Inc. This included the capitalization of the new company with 30 Million shares of Travis common stock for use as acquisition currency, issuance of 1 Million shares of Aggression Sports, Inc. to Travis, the undertaking by Travis to infuse at least $100,000 in cash into Aggression Sports, Inc. within the next six months in exchange for an additional 500,000 shares of Aggression Sports, Inc. and issuance of 1,250,000 shares of Aggression Sports, Inc. to Boulder Sports, LLC, a Colorado Limited Liability Company controlled substantially by Raabe and Boethling. The agreement substantially protects the contacts and proprietary knowledge of Raabe and Boethling in this industry for a period of one year, and enforces representations made by Cayou and Skinner that Travis will attract investment capital. However, Travis can acquire a majority interest in Aggression Sports, Inc. (55%) through infusion of $100,000 in cash. The transaction can be unwound in the event that Raabe and Boethling are terminated without their consent before one year from the Effective Date of the change in management. The unwind provisions apply only to shares of Aggression Sports, Inc. issued at the first instance in exchange for shares of Travis and not to shares issued in exchange for cash or tangible assets .....<<<<< Now, why the heck would you sell before TVSI can exploit its aquisitions via PR ? Sounds dumb! Pugs