To: Spider Valdez who wrote (11737 ) 11/14/1998 11:59:00 PM From: marcos Respond to of 26163
Oh, don't cry for me, Spugschicago - I made the odd good investment once I learned to ignore the hype. Btw, I was just checking out this other Amazon Herb outfit, you might be interested in this from their prospectus, it sounds remarkably applicable here, sort of like an echo; " DILUTION. Present stockholders of the Company acquired their shares of Common Stock at an average cost of approximately $0.29 per share, an amount substantially less than the $5.50 per share to be paid by public investors. The Company's net tangible book value as of June 30, 1998, without giving effect to any outstanding warrants or options of the Company, was $788,134 or $0.29 per share and will increase to approximately $2,300,634, or $0.76 per share if the minimum number of shares of Common Stock offered hereby is sold, and $2,878,134, or $0.92 per share, if the maximum number of shares of Common Stock offered hereby is sold. The result will be an immediate and substantial dilution of the net tangible book value of the shares of Common Stock acquired by the public investor of $4.77 (87%) ....per share if the minimum number of shares of Common Stock offered hereby is sold, and $4.68 (85%) per share if the maximum number of shares of Common Stock offered hereby is sold. Public investors therefore will bear most of the risk of loss, while control of the Company will remain in the hands of the present management and stockholders. See "Dilution." "sec.gov - there's a great piece on 'COMPETITION' there as well. ... and their website amazonherb.com Stevia page rainforestbio.com Do you think they will file audited financials with the SEC in a timely fashion? lolol