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Microcap & Penny Stocks : KOLR - KOLORFUSION INTERNATIONAL HUGE POTENTIAL -- Ignore unavailable to you. Want to Upgrade?

To: Russell Gish who wrote (69)	1/3/1999 12:49:00 PM
From: Taki	Read Replies (1) \| Respond to of 91

Here Sir. $4.4 million conversion to equity at an average price of @$1.10 turns around balance sheet to approx $1.1 mil on plus side. Approx 3 million shares issued. 80% of which is voluntary restricted for 1 year and the other half for two years. Clock started December 1st 1998 on these shares. Remainder (20%) or about 300,000 shares is free trading unless owner is a control person (this affects about 60% of these shares). Here is where the float grew from about 600,000 (504 offering at $1.00 plus miscellaneous shares) to about 900,000. BUT, as you can see, nearly everyone is in for a buck or more and real or actual tradeable is closer to 700,000. TAKI