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Microcap & Penny Stocks : ARXA International (ARXA): Rapid Expansion imminent!!!!!! -- Ignore unavailable to you. Want to Upgrade?

To: oden67 who wrote (460)	5/7/1999 2:57:00 PM
From: Charles Broderick	Respond to of 508

delighted to be part of any operation like this no matter how cheap a controlling interest was...I am interested to see if the right to buy 3 million extra shares is at the then market value, for which they will have to offer equivalent value, and, regulatory procedures at this level will demand an outright offer, so if they offer a derisory price it will be rejected, and they will be left with the requisite number of sgares to maintain a public listing which , do you see it yet....nasdaq!!!!

To: oden67 who wrote (460)	5/7/1999 4:42:00 PM
From: LT	Read Replies (1) \| Respond to of 508

Arxa was bought out for 53% of the company at .20 cents per share, why is this a good thing? When you take over controlling interest in this type of situation you don't put in a "market order" and wait for it to be executed. lol Remember the share price was escalated by the recent speculative buying based on the rumors of the deal. 5 trading days back the stock was in the 30 cents range. For 53% of the stock in one buy to obtain controlling interest .20 probably isn't too far off the mark. The newly formed company will demand an entirely different share value with the new monetary commitments involved. LT