Replies to post #8250 on Pegasus Tel Inc (PTEL)

[ghv]

Nabbs,

I will give you credit for trying to think outside the box...but we are investors not small business entrprenuers. PTEL and ENTI are dead. Tony killed it with bad management. We got burned and are stock value is gone. If the original PTEL folks want to sell it or try and restart it then 12 months from now we might have soemthing.

The problem is that we live in a world where things change very fast and if you miss the target, someone else will be there in a NYC minute and hit the target. We failed!

Yeah, the what ifs are possible but I am not interested in doing that work.

There are other investments that are screaming hot!!

Good Luck,

GHV

[cashclan]

Yes...




I was thinking the same thing...

After reading the merger clause...

Not 100% sure how it would work...

But there is a...

Let My Matrix Go...

Clause...

[cashclan]

Call me a Crazy Scots-Irishman...



But I think this is where it's at...


9) MERGER, CONSOLIDATION, ETC .

a. If at any time or from time to time there shall be (i) a merger, or consolidation of the Company with or into another corporation, (ii) the sale of all or substantially all of the Company’s capital stock or assets to any other person, (iii) any other form of business combination or reorganization in which the company shall not be the continuing or surviving entity of such business combination or reorganization, or (iv) any transaction or Series of transactions by the company in which in excess of 50 percent of the Company’s voting power is transferred (each, a “Reorganization”), then as a part of such Reorganization, provision shall be made so that the holders of the Series B Stock shall thereafter be entitled to receive upon conversion of the Series B Stock, the same kind and amount of stock or other securities or property (including cash) of the Company, or of the successor corporation resulting from such Reorganization, to which such holder would have been entitled if such shares of Series B Stock had been converted immediately prior to the effective time of Such Reorganization. In any such case, appropriate adjustment shall be made in the application of the provisions of this SECTION 9 to the end that the provisions of this SECTION 9 (including adjustment of the Conversion Value then in effect and the number of shares of Common Stock or other securities issuable upon conversion of such shares of Series B Stock) shall be applicable after that event in as nearly equivalent a manner as may be practicable.

b. The provisions of this SECTION 9 are in addition to and not in lieu of the provisions of SECTION 7 hereof.

[harvard_88]

Nabbbss: you said, "THEREFORE, there's a better-than 50-50 likelihood (IMO) that
"we," through our individual AND collective efforts and Networking,
CAN RECRUIT, ENLIST, PERSUADE, and ENTHUSE the necessary
"Professionals" to Resurrect, Refresh, Revive, Restore, and Re-Launch MusicMatrix!
------------------------------------
I was waiting for a follow-up or some more comments from the members of the site. But, I don't see any yet, so my question is how is this done if it is truly owned by PTEL, CEO Passalaqua, possibly Tony, and thousands of shareholders (PTEL ). Did you receive your PTEL shares yet and what is the status of those divi shares?

[flaflyersfan]

Nabbbss, MusicMatrix was a garbage website and a ploy to sell stock;

It had/has no potential for anything.

Good luck.