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.

Non-Tech : Am.United Global, Inc. (AUGI) -- Ignore unavailable to you. Want to Upgrade?

To: trouthead who wrote (1985)	7/16/1998 6:46:00 PM
From: Chuck Martin	Read Replies (1) \| Respond to of 2065

The Conese deal is dead. My source is a Dow Jones New Service story dated July 16, 1998. It's copyrighted, so I'm going to paraphrase it. If you want the original, go to the Wall Street Journal's Publication Library, and do a search for Conese (headlines are free, but articles cost you $2.95). The article says that AUGI terminated the March 24 securities purchase agreement, in which Conese Enterprises was to invest between $4 and $5.5 million in AUGI preferred shares. The reason given was that the two parties couldn't reach mutually acceptable terms. The article then stated that three of the seven AUGI directors have resigned for personal reasons. EOM