SI
SI
discoversearch

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.
Microcap & Penny Stocks : AAFGQ - Last Cheap Internet Play Around? -- Ignore unavailable to you. Want to Upgrade?


To: ColleenB who wrote (177)4/21/1999 9:17:00 PM
From: William Macko  Read Replies (1) | Respond to of 198
 
Colleen: From the PR on the options:
SOUTH PLAINFIELD, N.J., April 1 /PRNewswire/ -- American Food Group, Inc. (OTC Bulletin Board: AAFGQ) announced today that CEO Andrew Thorburn and Board Member Tom Lisker are exercising their options to purchase shares in All American Food Group. Thorburn is purchasing 250,000 shares at the option price of 20c per share, and Lisker is purchasing 50,000 shares at the option price of 10c per share.

The cash portion of the purchase was paid in lieu of salary and fees, which had been owed to the two board members.

This action by Thorburn and Lisker reflect their optimism and conviction that the reorganization of AAFG will be successful.

As you can see they are exercising their options not as you posted

I did read in an earlier PR that the two top dogs provided themselves hansomely with options. They were owed Salary but took stock in place
of Money thus the statement in the PR reflecting their Optimism and
conviction that AAFG will be successful..

I did apoligize for being abrupt..I like to help new investors find
information or try to clarify questions they may have..I will add that
they have a huge advertisement campaign in the works for 500 sites and 5,000,000 impressions in a three month period..This kind of stuff cost money..This company is in Chapter 11 and is low on Cash thuw the
request for the additional 20%.

You can read all this by clicking on NEWS at the bottom of each message.

Have a Good Evening...Bill