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Microcap & Penny Stocks : Advance Gaming Technologies Inc. (AGTI) -- Ignore unavailable to you. Want to Upgrade?

To: Cannon who wrote (4015)1/7/1999 6:00:00 PM
From: tgs59  Read Replies (1) | Respond to of 4539
 
You need to carefully review Note 3 of the 1997 10K. There are no outstanding notes from the former officers.

Note 3 (from 1997 10K)
<< In 1997, with respect to the Promissory Notes entered into with certain employees, officers and directors of the Company, in view of the precipitous decline of the stock price, the Board of Directors determined to reduce the exercise price to more closely reflect the market value; and permit the interest remittances made on the Notes to be applied to the exercise price of the shares.>>

The net effect was to eliminate all outstanding obligations.

As of June 30, 1998 there is only a total of $8,531,00 in outstanding notes, but there is no notation explaining the amount.

tgs59



To: Cannon who wrote (4015)1/12/1999 8:50:00 AM
From: jmhollen  Read Replies (1) | Respond to of 4539
 
Re: court docket
My bet is that it has to be heard in Federal District Court, probably the bankruptcy division.
a) I would call AGTI and see if they will tell you
b) call the US Distict court clerk in Vegas and tell him/her what your trying to find. Clerk should be able to find docket data/judge, etc.

John :-)


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