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Microcap & Penny Stocks : QDRX -- Ignore unavailable to you. Want to Upgrade?

To: Tim-A. who wrote (3735)	1/11/1999 9:49:00 PM
From: strtrset	Read Replies (1) \| Respond to of 3977

The plan as of now is to have 1 for 40 reverse split shareholders getting 5%. Creditors will get 46% of shares in company. Owners get 49%. Nothing set in stone but word should be coming out end of Feb99. Core of RI tape business bought by new owners and Vista machinery sold to ex-VPs of Quadrax. They will try once more to go in production for golf shafts. That company will be a totally separate entity-not related to QDRX. They will buy thermo tape from current buyers. But nothing is set in stone.