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Microcap & Penny Stocks : THE NEW ISSM!!!! -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Jens Tingleff who wrote (590)	3/12/1999 8:29:00 AM
From: The Osprey	Read Replies (1) \| Respond to of 915

Jens, "To: Osprey (583 ) From: Mr. Jens Tingleff Friday, Mar 12 1999 1:14AM ET Reply # of 595 BTW did you notice that the ask brought us to a pre split value of double last trade: 1.12 - last trade was 0.0664054 With 1.12 pre split would be 0.112 !! Not sure what you are saying here Jens but the reverse was or is supposed to be 10-1 as per the sec filing.I am not sure if it is 10-1 on the last trade or 10-1 on the offered price.In one of my conversations with management they anticipated it may be around the .10/share leaving a post reverse split price of 1.00/share.As to the restricted shares Sec 144 would apply with a 1 year hold. ****** As a bit of info regarding Canadian rules when a private placement is done it is basically this.If the company has filed regular information reports the hold period on PP shares is 4 months.If they have not filed annual information reports the hold period is one year.FWIW Osprey