Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Egan Systems (egns) -- Ignore unavailable to you. Want to Upgrade?

To: JWASS who wrote (439)	12/31/1998 4:06:00 PM
From: stuart haven	Read Replies (1) \| Respond to of 463

Someone with more knowledge should answer your questions. In their absence I'm going to try question one. The group making the offer to buy part of EGNS JV made their money forming and selling internet companies. How or why they owned a trucking company is not clear to me. They were not buying EGNS out of the JV. They were buying into an organization that would give them access to China's internet. Presumably to repeat their USA successes. EGNS would retain the y2k work. All of it. And would receive stock worth about a mega buck. EGNS had no interest in China's internet, it should have been a very good deal for them. If the stock in the buying co. had risen in value it would have been a super deal. The stock instead started to decline on light volume and EGNS cancelled the deal. Hope I understood this correctly and it is of some help.