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Microcap & Penny Stocks : ROTI - Harvest Restaurant Group Inc -- Ignore unavailable to you. Want to Upgrade?

To: Gary West who wrote (1397)	2/11/1999 10:06:00 AM
From: Bald Eagle	Read Replies (1) \| Respond to of 1702

<<200,000 shares seems like an awful lot to me.>> I believe it was 200,000,000 not 200,000.

To: Gary West who wrote (1397)	2/11/1999 12:47:00 PM
From: Edward Mamula	Read Replies (1) \| Respond to of 1702

Under Tanner's previous capital structure, they had authorized 100 million shares, but had issued less than 3 million. There is no reason to assume that they wish to issue all shares that they are authorized to. As I said, having unissued and unallocated shares can be a positive tool for merger and acquisition. Read the proxy. IMO, the authorized share count needs to be increased. The alternative to this is incurring a rather sizable liability to the preferred shareholders that could keep Tanner's in the red for a long time.