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Microcap & Penny Stocks : ROTI - Harvest Restaurant Group Inc -- Ignore unavailable to you. Want to Upgrade?


To: Edward Mamula who wrote (1013)1/2/1999 7:48:00 PM
From: chalu2  Respond to of 1702
 
I believe this description is incomplete. I looked at EVERY description of the ROTIP shares prior to the draft Proxy, and each and every time it is said that 110% of the bid price plus all accrued dividends would be paid upon redemption. Either the "new" description leaves that out carelessly, or they are trying to avoid payments that are due. Right now, I'll believe the former. You should note that the preliminary proxy states that ROTIP shareholders can convert upon getting notice of redemption, and that upon conversion 2.7 ROTI common shares will be paid, plus all accrued dividends. I don't know why you didn't receive your 2Q common stock dividend. Perhaps the company made an error. I'd be interested to hear anything further you find out; I've been trying to convert 1000 of my ROTIP shares without success for over 5 weeks now.



To: Edward Mamula who wrote (1013)1/3/1999 8:47:00 AM
From: n2profit  Read Replies (2) | Respond to of 1702
 
Right off my 11/30/98 monthly statement

"11/25/98 Distribution "HARVEST RESTAURANT GROUP INC. SPINOFF ON 2500 SHS HARVEST RESTAURANT GROUP IN REC 06/30/98 PAY 11/05/98" Quantity 1,090