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RXPC meger expected with Direct Labs!!!!!!!! .03
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[QUOTE]Originally posted by jrdig7: [QB] I just got off the phone with Peter. He said we will be having a conference call within about 10 days and that will be before we go private. He said we will still own all of our stock in the private company. RXPC will own the new subsidiary in which we will receive a stock divvy of around 8%. He can't go in to details yet but the subsidiary is on track to be IPO'd in Sept. That does mean stock for sale. As for the $48 price, that is based on the business model. He feels that is a price that is on the low side and I feel the same way when you look at the future potential and the tight share structure. Don't be looking for any forward splits as he likes the idea of keeping the OS at 4 mil. He couldn't say more than he has been in contact with all parties necessary to make this happen at this time. The DLS deal could have been financed but it would have been thru convertible debentures and Peter felt that that would be detrimental to the shareholders. The finance companies would do their best to keep the pps down thru MM manipulation so they would be able to buy/convert at a discounted price. That is why he is going the route to the NAS. DLS is still partnered with us and the idea to fully acquire them is also on. Yes, we all have to weigh the risk we are willing to take. I have weighed mine and I see too much reward to walk away. Long and Strong for me. I wish all the best in whatever you choose to do. I learned long ago, never wrestle with a pig. You both get dirty but the pig likes it. George Bernard Shaw [/QB][/QUOTE]
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