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Microcap & Penny Stocks : Total Research (TOTL) can not find any info on this stock? -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Rush who wrote (210)	6/19/1998 11:36:00 AM
From: Jerry Rush	Read Replies (2) \| Respond to of 233

Anyone still interested? News out today. They restructured the agreement with the new investor group. Kinda funny. I questioned the company about giving control to the new group. They didn't seem to see it that way. So I read the press release to them as they were looking at it. Really don't think they saw it the way we investors did. Now they have addressed that issue. Glad to see that. Timing is at qtr. end. Think I will wait for the earnings release for any real judgment, tho. This news is a positive for the situation, but neutral as for the company prospects. My impression is that the quarter will be reasonably good, but not great. Afraid the street is expecting more. Just my 2-cents worth... Jerry ~~~~~~~~~~~~~ Here's the press release: ~~~~~~~~~~ Friday June 19, 10:43 am Eastern Time Company Press Release Total Research Announces Amended Agreement For Equity Investment By Investor Group PRINCETON, N.J.--(BUSINESS WIRE)--June 19, 1998--Total Research Corporation (NASDAQ:TOTL - news) today announced an amendment to its previously reported April 16 agreement that would permit an investor group to purchase 1.0 million shares of common stock for the company for $2.25 per share and to receive an option for an additional 250,000 shares for the same per-share price. The amendment reduces from four to three the number of investor group representatives to be elected to the company's Board of Directors, which would be increased to eight persons. Two members of the investor group would serve on a four-person executive committee. Subject to the satisfaction of certain conditions, the company said it is planning on a closing date of July 1 for the transaction. Total Research Corporation specializes in the development and application of predictive marketing research and other advanced research technologies used to assist clients worldwide. The Company has its headquarters in Princeton, NJ, and other offices in London, Buenos Aires, Chicago, Minneapolis, Poughkeepsie, NY and Tampa.