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Microcap & Penny Stocks : Starnet...Clicktoplay...STEN -- Ignore unavailable to you. Want to Upgrade?


To: May Tran who wrote (800)1/24/1999 5:15:00 PM
From: Roy F. Baker  Respond to of 1071
 
Johnny, Starnet is a "shell" company. Basically that means they are a company in mostly name only. Click is using this "shell" to gain access to the U.S. market and to have a corporate entity for tax and other reasons, which are beneficial to Click. My question to you is how can you be so sure and be long on the information you/we have? Do you have inside information or define intervention?

Regards,
Roy



To: May Tran who wrote (800)1/24/1999 5:37:00 PM
From: Fred Davis  Read Replies (1) | Respond to of 1071
 
Hello Johnny. Don't know if I can answer your question and am not totally sure I understand what your asking. The reason why Starnet has agreed to buy Click is since Click has no ability to trade on the open market, this gives Click the opportunity to do so under the STEN symbol. In retrospect to your question, I'm not sure what would happen if it were the other way around and Click acquired Starnet. The Starnet acquisition of Click appears to me to be the only way for the insiders at Click to obtain restricted shares. This question may need to be answered from someone other than me.

Regards,
Fred



To: May Tran who wrote (800)1/24/1999 7:46:00 PM
From: ztect  Read Replies (1) | Respond to of 1071
 
This is called a "reverse merger"....

Same thing occurred with Rare Medium and ICC technologies...

Expedites getting a listing symbol...Happens more frequently from OTC-bb to Nasdaq...to get quick listing...and not have to wait for all the paper work to be filed...and listing requirements to be fulfilled for operational companies..

Important to look at whether there are any and how liabilities of the shell are handled....

Though...really not a big deal..... at all...

z