Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TNRG Tianrong Building Materials -- Ignore unavailable to you. Want to Upgrade?

To: TraderGreg who wrote (2678)	6/27/1998 7:45:00 AM
From: ISOMAN	Respond to of 9824

No actually the cancellation brings it down to 40 million. Don't forget that the calvocade of boxing interest, and the usbl 90% interest were purchased with restricted shares. When I talked to Tilton he told me that the shares were restricted for years and that they contained performance conditions. I like how Tilton ties these share to purchases with conditions. This is how he is able to cancel shares if the other party does not come through. In the mean time, TNRG still gets to control and benefit from the asset. It is much like buying a rental property with no money down. You have the rents to pay the costs, and you benefit with income in the short term, and in the long term you get to keep the appreciation. Standard Oil started out this way. The president, when a creditor came to collect his bill, would always say "oh sure, did you want cash or stock in Standard oil?" 9 times out of ten they took the stock. Remember that these companies selling their interest to TNRG now have a vested interest in seeing TNRG succeeding , too. Nothing like a CEO having many people watching him to make sure he performs. The float is lowere than it was 4 months ago. Back in February the float was 14 million, now it is around 10, with 3 -4 million held by investors who are close to tilton, and bought in between 1.50 and 2.25. The effective float is 8 million.