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Microcap & Penny Stocks : CAGI--A Sleeper Waiting to Wake Up!!!! -- Ignore unavailable to you. Want to Upgrade?

To: Lucky who wrote (536)	12/15/1998 11:27:00 AM
From: american dreamer	Read Replies (1) \| Respond to of 1020

Hey Lucky, This is a no brainer. I wonder if anybody has bothered to read the 10SB. sec.gov The books are full of questionable stock transactions, the assets are primarily goodwill, the income seems to be as much the result of these stock transactions as anything and there are 43,800,000 shares outstanding with another 2,000,000 being issued as we speak. Everything about this company calls for great caution. My gut feeling is that NOTHING IS AS IT SEEMS. I cannot believe this company is worth $138 MILLION.. no sir not at all. This stock is just waiting for the hype to stop, then it will begin its decent. General. The Corporation's authorized capital stock consists of 110,000,000 shares of Common Stock, no par value per share, and 40,000,000 shares of Preferred Stock, par value $1.00 per share. As of September 1, 1998,the Corporation had 43,810,208 shares of Common Stock issued and outstanding and had 1,033 shareholders of record and 200,000 shares of Preferred Stock - Series A issued to two shareholders of record. In addition, there are outstanding warrants and options which were issued in connection with the acquisition by the Corporation of PTT and Talidan options. Each outstanding share of Series A Preferred Stock is entitled to ten votes per share, not as a class, but along with the Common Stock. The Series A Preferred Stock is convertible on May 18, 2000 into 2,000,000 shares of Common Stock or $2,000,000 worth of Common Stock based on the fair market value price per share of Common Stock on May 18, 2000, whichever is greater. The Series A Preferred Stock becomes convertible prior to May 18, 2000 if the closing market price of the Corporation's Common Stock is above $2.00 per share on any day or the Corporation declares a dividend on its Common Stock. The Series A Preferred Stock has a preference over Common Shares in the event of a corporate liquidation. The Series A Preferred Stock is not entitled to dividends.