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Microcap & Penny Stocks : Xin Net Technologies - BB: XNET - The Next Internet Stock? -- Ignore unavailable to you. Want to Upgrade?

To: praguepivo who wrote (1249)	4/28/1999 6:06:00 PM
From: FFNEODOC	Read Replies (1) \| Respond to of 1593

Pivo, The board of XNET would have to approve the terms of the sale (& might require shareholder proxy approval). Typically any offer would have to be beneficial (at a significant premium to stock price at the time the deal is tendered) for the Board to consider the offer seriously. Usually the actual terms of acquisition would involve a stock swap based on the relative value of each company. (Currently AOL is worth 2,250 times XNET) In other words, XNET shareholders would get a small fraction of an AOL share for each share of XNET owned. You would have the option to sell your XNET shares at a premium prior to the deal being finalized or hold on to your shares that eventually would be converted to AOL shares. Presumably both of these scenarios would be very profitable to current XNET shareholders. Frank