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Microcap & Penny Stocks : ORTH - Undervalued stock at 17/32? -- Ignore unavailable to you. Want to Upgrade?

To: Dan Glover who wrote (61)	3/16/1999 4:57:00 PM
From: Jill Collins	Read Replies (1) \| Respond to of 99

It is my understanding that there will be a stock exchange between Omega and Pentegra sometime in June. In exchange for its 5.05 million outstanding shares, Omega will get 1.8 million shares of Pentegra. This means that for every 2.8 shares of Omega that you own you will exchange them for 1 share of Pentegra. You will be a Pentegra shareholder and Omega will cease to trade. The transfer will happen automatically if your shares are in a brokerage account. One day you will have Omega shares and the next day Pentegra shares. If you take the current Pentegra price and multiply by .3564 you will have the current value of your ORTH stock pre-merger. For example, if PEN is trading at $2 then a share of ORTH is worth .71. There may be some arbitrage opportunities here.