posted
Here is an interesting snipet from a recent filing...They are guaranteed 6%+ of the company stock that they purchased... even if the other company dilutes..... NICE!!!!!
In consideration for the acquired assets, the Registrant caused Intrance Corporation to issue 275,000 shares of a Series A Preferred Stock to Candent Corporation. The holder of the Intrance preferred shares will received a quarterly dividend equal to ten percent of Intrance's operating income. The Intrance preferred shares are redeemable at a price of $10 per share. The holder of the Intrance preferred shares can convert each share of Series A Preferred Stock into one hundred shares of the Registrant's common stock. The holder of Intrance Series A Preferred Stock is not entitled to vote at shareholders meetings.
On the date of issue, all of the Intrance Series A Preferred Stock acquired by Candent Corporation could be converted into 27,500,000 shares of the Registrant's common stock, which would represent 6.18% of the fully-diluted outstanding shares. In the event that the Registrant issues any common shares after this date, the number of shares into which the Intrance Series A Preferred Stock can be converted will be proportionately increased, so that at all times the Intrance Series A Preferred Stock will be convertible into a number of shares which will equal 6.18% of the Registrant's outstanding shares after the conversion. The Registrant's agreement with Candent Corporation also provides that if Candent corporation obtains less than $2,750,000 from the sale of the common stock into which the Intrance preferred shares are convertible, the Registrant will issue additional shares to Candent Corporation until it obtains $2,750,000 in sales proceeds.
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
IP: Logged |
posted
Once lunchtime is over... and people see +80% on 3 mill volume... it should start to go... I am looking to hold for a day or two and see how high it goes.... The charts look really good for a run....
All we need to do is get past 0.0010 and it shoudl
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
IP: Logged |
posted
The charts have just crossed over... this one should continue to go up for a couple more days..... with only 3.6 million volume, this could really take off with a little more interest.
+80% with this low volume should open up alot of eyes tonite!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
![[Confused]](confused.gif)
