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Microcap & Penny Stocks : Tech Squared (TSQD)- Internet Commerce -- Ignore unavailable to you. Want to Upgrade?


To: TokyoMex who wrote (668)7/17/1998 10:24:00 PM
From: M. Frank Greiffenstein  Read Replies (2) | Respond to of 2752
 
The split changes all that...

TM, you say TSQD can buy "up to" 4 million shares from Ronning. its 4.8 million shares, all of them, for a dollar. That's not a dollar per share, that's 4.8 million shares for one dollar. Why would TSQD buy 2.4 million shares for 50 cents.

The reverse split affects TSQD's holdings. That explains why suddenly the S1-A refers to TSQD buying Ronnings 3.2 million shares for $1. 66% X 4.8 = 3.2.

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