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Microcap & Penny Stocks : AmeriResource Technologies (ARET) -- Ignore unavailable to you. Want to Upgrade?


To: Siber who wrote (4991)1/5/1999 12:31:00 PM
From: Mr. Jens Tingleff  Read Replies (1) | Respond to of 7609
 
Would be nice if your husband checked it against Delaware rules, as ARET is a Delaware corp.

An alternative is of course to raise authorized to 800MM and issue the 200MM to pay the bank - Current outstanding is to my knowledge about 405MM. - Meaning that ARET issued well about 200MM shares in 1998 - I did not see any restructural additional PO. - 22MM shares after a 10-1 is only additional 50% - during 1998 we had additional 100%.

To make it clear - Our little company have a debt due of 1.2MM$ - those money have to emerge in some way - the only source of funds that is not asking extraordinary charges or interest, is us - the investors. The best way ARET can fund the further progress is IMO asking us.

Kr
Jens