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Dennisb68

06/05/07 10:18 AM

#22900 RE: tjak #22898

Good job tjak!
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solidgold

06/05/07 10:20 AM

#22901 RE: tjak #22898

And a letter from my friend Jonathan:

Me:
Hello Jonathan,

I have just a few questions on the news:

1. How sure is this all?

2. Do we still keep PTEL shares?

3. New shares will be restricted for how long?

4.And will be listed on what exchange?

5. Anything at all you can add?

THANK YOU VERY MUCH FOR ALL!!!!!

Regards,

Jonathan:
1.Absolutely 100% signed off. There is only a 3% dilution to the Petel Inc stock for the acquisition. That is only about 5m Petel shares are being issued as the value is with Petel.
2.Yes you keep all your Petel Shares plus you get an equal number of the subsidiary shares.
3.There is absolutely no restriction on the new shares. There is no holding period. They are yours to trade immediately.
4.UK Aim.
5.Solid it is Christmas, no downside just free stock that is freely tradable on day one and valued at $1.50 at issue. So if you hold 100 000 Petel shares you will get 100 000 new shares at $1.50 each.