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Microcap & Penny Stocks : CBQ Inc CBQI -- Ignore unavailable to you. Want to Upgrade?

To: makin_dough99 who wrote (354)	5/2/1999 10:03:00 AM
From: Binder	Read Replies (1) \| Respond to of 1101

Presence, I can't speak for Mark Pierce, but if it were me, I certainly would NOT sell these guys my shares, at any price. I'd tell them to stick their short problem where the sun don't shine. You don't go threatening people and then expect them to help you out. Just My Opinion, Binder

To: makin_dough99 who wrote (354)	5/2/1999 10:45:00 AM
From: Ga Bard	Respond to of 1101

Ok if you look at the filings and the math I showed the float based on OS as of that filing and subtracted the 2 yr restricted. The DTC I believe is where they quoted me the 711K, so I took it and applied the subtraction. I agree that I am only using math in doing this calculation. It is from my understanding talking to Mark that they are in fact that much short. SO to verify I merely did the math ... I will post my calculations again The OS shares and float is in the 10K filed 4-15-99. I calculated the float as follows from information in the flilings. As of April 9, 1999, there were approximately 21,275,332 shares outstanding. Title of Class Name of Number of Shares Beneficial Owner Percent of Class(1) Common Stock CyberQuest Ltd. 1,880,000 8.88%(2) Common Stock Michael Sheriff 900,000 4.42% (2) Common Stock Joseph Pipes 1,800,000 8.88% (2) Common Stock Tony Benton 436,577 2.4% Common Stock Greg Allen 436,577 2.4% Common Stock Lynn Elliott 3,496,050 16.24% Common Stock Cynthia Jared 3,496,050 16.24% Common Stock R. Wayne Duke 3,496,050 16.24% Common Stock Midland, Inc. 1,315,800 6.40% Directors and Executive 3,653,114 17.25% Officers as a Group: The above equates to 20,910,218 2 year restricted ... Take the OS which 21,275,332 - 20,910,218 leaves 365,114 in the float. Now without going through every document I will merely summarize my figures I was told which the company must be quoting from the DTC. There is approx, 711,000 in the float which are available to be free trading of which 200K I am told is in lost shareholders from the old Freedom Funding that have yet to turn in their old cetificates for CBQI stock at a 4:1 RS leaving 511K free trading in broker houses. There is an S8 last year which has another 200,000 shares in friendly company hands I am told leaving 311K in the freetrading which is only 50K less than the filings float figure. the S8 should have already been figured in the 4-19-99 os figure which would then be 5llK which is 150K over the float. So I guess you can decide for yourself. :-) GB

To: makin_dough99 who wrote (354)	5/2/1999 12:46:00 PM
From: Whitetigr	Read Replies (1) \| Respond to of 1101

From the letter he sent I don't think that he will complete the transaction of the extra shares especially since the other parties defaulted on the agreement. From the letter: "As discussed above, we agreed to the sale of 60,000 shares of Common Stock at a price of $2.75 per share. A DVP account was set up for this purpose. Your clients attempted to misappropriate these shares and, in any event, refused to transfer the agreed consideration. They failed in the agreement they made. They then spread rumors in the market in an attempt to impact the price of the stock. Failing that they are now making the demands set forth in your letter." With them having failed in the agreement that they made in my opinion I would not expect Pierce to be eager to make any more agreements with them. Maybe he will still let them buy the shares but that was not my impression after reading the letter.