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Microcap & Penny Stocks : MACE (Mace Security International) -- Ignore unavailable to you. Want to Upgrade?

To: gcrispin who wrote (55)6/9/1998 11:11:00 AM
From: J R KARY  Respond to of 143
 
$6.8 mln cash from AHI equals 40 % of assets plus A/R at $2 mln

Used some Kentucky windage . 40 % of 7 mln shares comes to 2.8 mln shares therefore the AHI payment values it at or about $3/shr

AHI's $6.8 mln has been adjusted to about $6 mln but book value is nebulus due to continuing depreciation etc.

MACE , after collecting the A/R and paying bank debt , will have about $6 mln disposable for expansion .

A tidy sum for MACE's COB Marvin Brown to use his acquisition creativity with to find MACE more profitable ventures.

Regards,
Jim K.



To: gcrispin who wrote (55)6/15/1998 11:57:00 PM
From: J R KARY  Read Replies (1) | Respond to of 143
 
PROXY DATED 6/15/98 for asset sale - almost $ 2 / shr

Total Law Enforcement Division purchase value is $5.9 mln plus MACE retains a A/R worth almost $2 / mln .

Sale represents only 40% of MACE's assets and there are about 3.5 mln shares outstanding:

sec.gov

Continued MACE name license should be good for both companies.

Regards,
Jim K.


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