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To: ChainSaw who wrote (6448)4/9/1999 5:13:00 PM
From: VisionsOfSugarplums  Respond to of 62347
 
Hey, Chainsaw. It said that CD Plus.com s/h will end of with 90% of the company. I think SBX would issue shares to CD Plus shareholders in exchange for the CD Plus, or merge on some sort of conversion ratio (every 1 of their shares = 3 or whatever of SBX). I think that's why he did the calculation using 220 million shares outstanding - to show that a larger float could exist and the stock would still have strong valuation potential. I think the float that is currently trading is approximately 20 million or so (22 mill o/s less 2 mill. aprox. insiders. I rushed on looking at insider report balances so might be an error).

t.



To: ChainSaw who wrote (6448)4/10/1999 7:12:00 PM
From: the Chief  Read Replies (2) | Respond to of 62347
 
You can't do it that way!!<ggg> for CDPlus to hold 90% of the shares they have to issue the equivalent of 90%, which is about 180,000,000 shares, then probably do a 1 for 10 reverse split, which would result in 18,000,000 shres O/S and you with 10 x fewer shares!!

That or they will offer 10 for 1 on existing shares, reducing the full dillution to 2,200,000 then issue out 18,000,000 to CDPlus!! Same results!

In both circumstances .50c is way undevalued...in the case f a 10 for 1 that would make the stock elligble for NASDAQ small cap, if we could get it to $7.50
the Chief