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Microcap & Penny Stocks : IVOC - Visual Telephone International -- Ignore unavailable to you. Want to Upgrade?


To: tickerup who wrote (3342)1/15/1999 6:30:00 PM
From: James A. Cole Jr.  Read Replies (1) | Respond to of 4815
 
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To: Kenny Low (3320 )
From: Francois Plante Thursday, Jan 14 1999 1:27PM ET
Reply # of 3342

I just called the company and spoke with M Beagelman
Actual issued shares;26millions
JOEL & CARL HAVE 2 MILLION EACH-TOTAL 4 AND 3 OTHER LONG TIME HOLDERS HAVE
SOMEWHERE AROUND 8-8.5 MILLION. IF SOME/MAJORITY OF RECENT BUYERS ARE ALSO GOING TO BE LONG, THAT LEAVES FLOAT FOR TRADING AT CURRENT LEVELS OF MAYBE 10 MILLION, WITHOUT COUNTING OTHER LOYAL OLD LONG HOLDERS.. ARE THE MMS HEADED FOR TROUBLE IF STOCK EXPLODES??

The Authorized number of shares is now 40 million,enhanced from 25milions last year.This has been done at the end of 98.A letter should be on the way to the shareholder explaining the reason of this enhancement.Simply said,Joel Beagelman told me it was mainly to build the inventory and for a possible acquisition

DON'T FORGET THEY HAVE N O DEBT!

.So there has not been significant dilution .There were more than 20 million issued in
December 97