Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Res International - Huge upside potential in 1998. -- Ignore unavailable to you. Want to Upgrade?

To: pete meyer who wrote (67)	2/21/1999 2:02:00 AM
From: Check	Read Replies (1) \| Respond to of 84

Hi Pete: <<20-1 reverse? and opens at $10.00? I would piss myself with happiness.>> Did you miss the "Will it?" part, or am I being overly pessimistic again? Unless the 0 behind the decimal point in their PR is a typo, (wouldn't be the first one, except that they usually err by a few 0's in front of the decimal point - e.g. when it comes to their sales and profit forecasts), the meaning of this annoucement is that you will get 4,200 shares of the new "combined business entity" for every 100,000 shares of RESZ you now own. Given that ODI is doing a convert. PP at $ 2.50 a share and that their shares "will be exchanged for 0.839 shares in the combined business entity", what can we realistically expect the new entity to open trading at? Any bets. Check it out