Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : NCDR -- Ignore unavailable to you. Want to Upgrade?

To: Arthur_Porcari who wrote (418)	5/27/1999 9:32:00 AM
From: Bear Down	Respond to of 1440

And since that one shareholder was mohammad, I bet he is laughing even harder at how this board proved what a low life you really are. Are you still wondering how we know about stevieboy's POS band too???

To: Arthur_Porcari who wrote (418)	5/31/1999 10:57:00 PM
From: Q.	Read Replies (2) \| Respond to of 1440

re. <<The total cost of the Baraka Intracom assets AND STAFF cost the Company a total of 3 million shares. Valued at $10 makes the acquisition cost in excess of $30 million for those assets an people alone.>> Can you show me where in the SEC filings it says this? What I can find in the filings is different, and it puts a much lower price of $510 k on this acquisition. Excerpt below from the 10Q: edgar-online.com . On February 19, 1999, Baraka Intracom, Inc., a California corporation, sold certain assets, consisting primarily of intellectual property, to a subsidiary of the Company. The price for these assets was $510,000, based on $10,000 cash and the stipulated value of 50,000 shares of the Company at $10.00 per share. Of this value the purchase agreement allocated $450,000 to the intellectual property, including software, a license agreement, trademarks and other property. The remaining $50,000 is consideration for a 5-year non-competition provision of the agreement. The filing does say that they issued around 3 M shares related to the Telenet acquisition (1.984 M to a former Telenet affiliate and 1.005 M to a bank), but you were talking about Baraka, not Telenet. So what is it that you are saying, Arthur? Seems to me that there are 3 possibilities: 1. the co. make a false statement in its 10Q filing 2. it omitted material facts about the new shares it has issued 3. You are mistaken.