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Non-Tech : Western Oil and Tire Distributors (WOTD) -- Ignore unavailable to you. Want to Upgrade?


To: Grupo Brad who wrote (176)4/20/1999 1:59:00 PM
From: campe  Read Replies (2) | Respond to of 255
 
Oh what a tangled web is being weaved...

Let's see...last summer WOTD (a group of 3 guys) does a reverse merger into KBDG with the intent of buying small profitable "ma and pa" oil and tire businesses in the Northwest.

WOTD then declares a restructure and shifts into the internet craze with an OIL, BATTERY, and TIRE business through IIPT.

They announce that pending funding, IIPT will acquire a $3M Nevada tire business consisting of two retail outlets and a recapping plant. Closing scheduled in June.

Then WOTD renames themselves SIHC and reach an agreement (in principal (sic)) to buy oil fields in Alberta. Closing scheduled in June.

Now SIHC goes and reaches another agreement (in principle) to buy a bunch of electronic resumes in Florida. (I wonder if these are exclusive resumes or ones duplicated on hundreds of electronic resume databases) Closing scheduled in June.

Why can't they just focus on ONE DEAL, close it, show earnings and move on to the next acquisition!

I wonder HOW they are paying for all these potential acquisitions and HOW they are paying for PMR & Associates...

I can't help but wonder how many restricted shares PMR was issued for their services.

AND

I can't help but wonder if the shares (in KBDG, WOTD, IIPT, SIHG, III or whatever the name du jour is...) PMR received become eligible for trading in June...

Hmmmm....

Stay alert all and good luck...