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Microcap & Penny Stocks : HVAR ... Havana Republic, Inc. (Tobacco Gold) -- Ignore unavailable to you. Want to Upgrade?

To: Jonathan Lebed who wrote (617)	7/16/1998 1:02:00 AM
From: Ga Bard	Respond to of 728

Wrong they are convertible at the preferred shareholders option and it even gives the formulation to do that in the filings. with the mandatory convert on August 14, 1998 which is 4 weeks away. The Series A Preferred Stock is convertible, at the option of the holder, into that number of shares of common stock equal to $1,000 divided by the lower of (i) Seventy Percent (70%) of the average Market Price of the Common Stock for the five trading days immediately prior to the Conversion Date or (ii) $1.46, increased proportionally for any reverse stock split and decreased proportionally for any forward stock split or stock dividend. The Series A Preferred Stock is mandatorily convertible into Common Stock beginning August 14, 1998, provided that the Company is a reporting issuer under the Exchange Act and is then current in its filings. Just make your calls and see what you can find out but there it is in black and white.. GB