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stocktoastcrunch

09/28/05 1:37 PM

#29880 RE: Sportsjunkie #29879

megas isnt hurting for cash i am sure. 1 year isnt anything to someone already set. i am just saying there are loads of incentives to go public. loads.
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matrix

09/28/05 1:42 PM

#29881 RE: Sportsjunkie #29879

The $2M was for the shell here not those assets. If Megas wants to take the other company public, IMO it's probably easier and cheaper not to r/m (or sell the assets) into this one.


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Nettles

09/28/05 1:45 PM

#29885 RE: Sportsjunkie #29879

Lance I don't have one of your dictionaries, are you saying that the new insider shareholders have to hold for a year? TIA.
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Mark_Leh

09/28/05 1:46 PM

#29886 RE: Sportsjunkie #29879

anyone who reverses into the entity there shares are restricted for one year by law

Lance, I think that's only part of the picture. The restriction can be lifted easily by a registration. Or maybe I'm unaware of something which you could point me to.