Advantego Corp (fka ADGO)

[AKvetch]

Colleen, thanks for calling my attention to the 8-K. I found an interesting paragraph that appears to highlight investor risk. My own spin is that Mr. Pfeffer either has great confidence in the company, or he is trapped by his investment because of MYNG's inability to pay his debentures. It might seem that only by conversion and/or concurrent or subsequent liquidation of his presently marketable shares can he recover anything from his investment in the immediately foreseeable future.

I'd be interested in comments by ITS FOR REAL, Marcos, you and anybody else regarding the following:

http://www.sec.gov/Archives/edgar/data/869531/000102317502000251/golden8k.txt


Currently GEII does not have the funds necessary to pay these debentures
when due. GEII will have to raise additional capital in order to pay the
Convertible Debenture when due, or negotiate an extension of the obligations
unless Mr. Pfeffer converts it into shares of Common Stock. Inasmuch as the
GEII's Common Stock has traded in the range of $0.045 to $0.30 for more than
the past year, and has recently been trading at prices above $0.24, it is
possible that Mr. Pfeffer will convert some or all of the Convertible
Debenture should the prices remain sufficiently high. The risk that such a
conversion may occur creates a significant overhang in the public market for
GEII's Common Stock and this overhang may negatively affect GEII Common
Stock's market price or trading volume. Furthermore, should Mr. Pfeffer
convert the entire Convertible Debenture, he will own approximately 1/3rd of
the outstanding GEII Common Stock and will be the single largest holder of
GEII Common Stock.

Unless and until Mr. Pfeffer converts the Convertible Debenture into
Common Stock, Mr. Pfeffer will not have voting rights or other rights commonly
associated with the ownership of Common Stock. In addition to the Convertible
Debenture, Mr. Pfeffer owns 15,889,583 shares of GEII's Common Stock. Mr.
Pfeffer does have voting and other rights attributable to those shares.