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Microcap & Penny Stocks : Cryogenic Solutions Inc. (CYGS) -- Ignore unavailable to you. Want to Upgrade?


To: Howard H Bouch who wrote (3653)5/10/1999 9:49:00 AM
From: michael i olson  Respond to of 4028
 
I am going to guess that the company will say they they wish to take advantage of the stock being undervalued.

NOTE:
Nothing on the website on this. ( Web master may be late adding the info)

Left a message with CYGS on why the move and noted website is missing info.



To: Howard H Bouch who wrote (3653)5/10/1999 10:37:00 AM
From: Janice Shell  Read Replies (1) | Respond to of 4028
 
What do you think is the reasoning behind this move?

I'd guess that the idea is to try to bolster stock price short term by reducing the float. In the end, however, this will be dilutive to the tune of ten million shares. Assuming, of course, that current shareholders are willing to exchange their free-trading stock for 144 paper.



To: Howard H Bouch who wrote (3653)5/11/1999 2:47:00 PM
From: michael i olson  Read Replies (1) | Respond to of 4028
 

From CYGS's Website:

".... The company will issue two shares of one year Restricted Common Stock for each share of Freely Tradable Common Stock transferred to the company between May 16 and August 21, 1999 up to a total of ten million shares....."

If I understand this correctly; this would limit the holder from selling the their newly doubled shares for one year. Correct?

Are there other catches?