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Replies to #39706 on Five and Under
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03/29/02 9:19 AM

#39707 RE: Rager #39706

I think I found the reason why TVCP continues to have so much trouble getting its price up. Evertrend can sell shares at whim and there are no restrictions of how much or when.

From their latest 424B3 filing:

We will not receive any of the proceeds from this sale of shares by Evertrend. However, we will receive the sale price of common stock sold to Evertrend and upon the exercise of the warrants issued to Evertrend and Ladenburg in connection with the stock purchase agreement. We expect to use the proceeds of the sale of common stock and exercise of the warrants for general working capital purposes.

"To survive in the BB market, you have to treat every stock as a POS. Don't marry any of them."