VMS VENTURES INC. VMSTF

it's gonna hurt

[Buck65]

Even if they would give us a RNX share for every VMS (which i dont expect) most of us would still be down alot...at least this deal seems be bumping up the price for RNX....i bought into RNX hype a few years ago on their IPO at 2.80 and ended up getting out at .40 so am not too confident in their management....

[colt45acp]

COUNT ON AT LEAST 10 vms shares for one rnx. Do you think we will do better?

[werdnapk]

VMS shareholders will receive 36,000,000 RNX shares.  VMS has 146,500,000 outstanding shares, so that means VMS shareholders would get 1 RNX share for every 4 VMS shares or 0.25 RNX for each VMS share.

[Buck65]

if it would be 10-1 then i might as well give them away for .06 or so and buy rnx @ .20 or are you thinking rnx will go to .60 soon?

[werdnapk]

Where do you get 10 VMS to 1 RNX?  I even showed how to get 4 to 1.  Am I missing something or is there just some FUD on here to confuse people?

[Buck65]

i was replying to colt45 from further down the scroll

[colt45acp]

If its 4 for 1 or 10 for 1 it should all be spelled out within the week and in plain words and the math all down on a news release for shareholders to see and digest. jmo. Either way I LOOSE BIG TIME l. jmo 

[colt45acp]

If i sounded like a FUD I am SORRY. This deal stinks.

[wintersun10]

RNX will issue 36 mln shares VMS has 146 mln shares out according to SH so the ratio is: 36 mln / 146 mln = 0.2465 so, you need 4 VMS shares for 1 RNX share roughly

[werdnapk]

Well it was spelled out in the news release.  You'll end up with about 1 NAN share per 5 VMS shares, 1 RNX per 4 VMS, and about $0.025/share from the cash.  The end result is 99% of investors are shafted.

[Martyboss]

My, My how the sentiment has changed on this board. At one time I read posts were posters were calling this management" class acts", there were posters a few years ago that tried to warn people not to fall in love with this stock, and management,they were condemned for saying so. Now I see they would like to bring a class action law suit against them for selling them out. "too funny

[werdnapk]

66 2/3% yes vote is still required.  That means only 33 1/3% have to say no.  Or we get a counter offer from somebody else.  No idea what the chances are of a no vote or a counter offer.