Replies to post #6307 on Shearson Financial Network (fka SHSNQ)

[mjc1]

Iwantmoney...

Spoke to the boys this morning. Not much said, but here's some of the "highlights", for lack of a better word:

As per MB-

-No 8-K on the Allstate acquisition. All financial info is out on that one.

-Any further financial developments, which IMO would include acquisitions, would be divulged in an 8-K. Didn't say a PR would accompany the 8-K.

As per JCB-

-Authorized 500, Outstanding 290 (yes, he said 290, so I don't know what to say about the 290-300 fluctuation).

-Preferred shares Authorized and Outstanding have NOT changed since the last 10Q

-Dosen't know what's in the float, said he wouldn't tell me if he did. (OK...)

-No plans to raise A.S., but it's always an option. Draw your own conclusions there.

-conversion rate info on the preferred shares, he said could be found in the 8-K's from about eight months ago. Haven't looked at them to see if that's true.

-Working with a PR firm in NY, expect details on that within 30-45 days. In the meantime, he said there will be some PR's. NO FURTHER TIMEFRAME GIVEN!!!