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Microcap & Penny Stocks : Greenland Corp. (GLCP) -- Ignore unavailable to you. Want to Upgrade?

To: Mark B. Martell, CCM who wrote (1740)	5/21/1998 1:56:00 PM
From: greg Benfield	Read Replies (1) \| Respond to of 2278

Greenland will just become the shell company to allow Check central to become a publically traded company. You will basically own shares in Check Central... Same thing was done for Columbia Capital Corporation. It has a slight dowturn..now it is ready to take off. Should make over $1/share this year and could have a PE up to 40. That is right. Check Central will be a nice company to own...lots of revenue. Hopefully AMR will take hold too...but we will no longer have to wait until it does to see black. Greg

To: Mark B. Martell, CCM who wrote (1740)	5/21/1998 3:14:00 PM
From: Mark B. Martell, CCM	Respond to of 2278

Greg, I'm an idiot. That was $3.5MM versus $5MM dollars, not shares. Should get more sleep. As Rosanne Roseanna-danna would say: "Nevermind". Now that I've found my own error, I still have the same question.....is it in Eric's best interest to drive this price down or up? Is the paying price $5MM if stock holds at .18$ (price on or about date of agreement consummation) versus $3.5MM as a cap assuming stock doesn't fall below x (x being 1/8th in this example)? It looks like they will receive roughly 27 to 30 million shares to get those dollars, unless the price falls below 1/8. As the stock drifts below that number, they have to give up more shares, right? (assuming $3.5mm is the minimum price negotiated) That means that of the shares outstanding (41mm), we would issue 30mm and still maintain controlling interest, no? If the price falls below .07$, then Greenland could lose controlling interest, having to issue more than the totals shares already outstanding. It seems to me we should have a bottom of 1/8th...... That way, we issue the same amount of shares at the lowest possible cost. It is in Eric's best interest to keep this stock above an 1/8th then. Here, now I've opened myself up for further bad guestimates. Can someone help me with this? Mark