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Gold/Mining/Energy : Madenta Inc. -- Ignore unavailable to you. Want to Upgrade?

To: fivedollar who wrote (8)	11/4/1998 8:52:00 PM
From: 24karats	Respond to of 38

Let me elaborate abit more for you...I participated in the IPO for this company...at the completion of the IPO Microsoft oferred Madenta a dollar a share take over bid....Now the CEO controls 43% of shares outstanding..and management about 18%..both the CEO and Management refused the deal...with them controlling 61%...it never would have went through. Microsoft felt that madenta technology to be far more superior than theirs in this feild..and thought it cheaper to outright buy madenta instead of a Liscence agreement...So if MSFT valued Madenta at a dollar a share...it might be worth that sometime soon...