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To: Doc Horror who wrote (501)6/30/1998 11:56:00 PM
From: dwight martin  Respond to of 2493
 
Let's look at the bright side- those of you who are, after all this, getting out tomorrow will at least benefit from a far lower sales commission selling 1000 shares of $2 stock than you would have selling 70,000 shares of $.04 stock. If you trade with Schwab, for instance, you will be in the same position as you would now be in if you had sold pre-split at $.06.



To: Doc Horror who wrote (501)6/30/1998 11:57:00 PM
From: Clase Azul  Read Replies (1) | Respond to of 2493
 
From 97 SEC report:
Common stock, $.06 par value; authorized 47,000,000 shares, 4,251,418 and 1,654,956 shares issued and
outstanding, respectively 255,085 99,297
Class B Common stock, $.005 par value; authorized 3,000,000
shares, 1,280,000 and 1,500,000 shares issued and
outstanding, respectively 6,400 7,500
Additional paid-in capital 10,578,498 8,057,744
Valuation allowance-equity securities -- (425,000)
Accumulated deficit (9,662,478) (6,510,619)
Deferred compensation related to stock isued for services (1,054,000) (568,000)*
------------ -----------
Total stockholders' equity 123,505 660,922
------------
Doc, do you have the transfer agents name so I can call to find out the truth about the S/O? Thanks



To: Doc Horror who wrote (501)7/1/1998 11:07:00 AM
From: Rosemary  Read Replies (1) | Respond to of 2493
 
Doc,

Did you have this conversation with Altomare? Sorry I haven't been reading the posts. Even with 1-1.5M, we can be seeing some good moves, not as good as under a mil.

I'm going to ask question, what was his point of diluting these shares so much? It doesn't make them any richer either. Also, the Skynet deal, does anyone know if that is suppose to be in cash or shares? Right now it's only a letter of intent which doesn't tell us much till it's accepted.