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Owning a majority of shares is a dual edged sword. Sure you
have total control over the company but so what? That makes
you Lord And Supreme Pontif over a dying kingdom that no one
wants to participate in.
Without the liquidity of a major chunk of shares in an
auction market, the value of this stock could wither down
to nothing.
-- John
-----Original Message-----
From: DH [mailto:catapult@xxxxxxxxxxxxxxxxxx]
Sent: Tuesday, March 27, 2001 8:26 AM
To: Omega List
Subject: Re: Some general questions
> The stock is so cheap, one would think the users could buy out
Yer dreamin. Less than 25% of the shares are in "public" hands. Thinking
about taking over the company and firing the Cruzes? Think again. The best
you could do is dump $20M into the stock and be Bill and Ralph's junior
partner. Personally, I'd rather put it in T-bills. At least bills don't
lose money every quarter. :-)
http://web3.edgar-online.com/bin/edgardoc/finSys_main.asp?dcn=0000950170-01-
000031
The Cruz Group collectively holds an aggregate of 18,313,108 shares of
Common Stock representing approximately 41.3% of the outstanding shares
of Common Stock of the Issuer. The shareholders of onlinetradinginc.com
corp. who entered into the Voting Trust Agreement are Andrew A. Allen,
Andrew A. Allen Family Limited Partnership, Tafazzoli Family Limited
Partnership, zum Tobel Family Limited Partnership, Derek J. Hernquist
and Benedict S. Gambino (collectively, the "Online Group"). The Online
Group collectively holds an aggregate of approximately 15,263,997 shares
of Common Stock representing approximately 34.4% of the outstanding
shares of Common Stock of the Issuer.
--
Dennis
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