CAMELOT (CAMLD) & HAPPY STOCKPICKER Message Board

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Microcap & Penny Stocks : CAMELOT (CAMLD) & HAPPY STOCKPICKER

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To: James K. Webster who wrote (74)	4/17/1997 4:45:00 PM
From: Philip Pasteur	of 84

Phone Booth software, another joke from the CAML! Unless, of course, you are a stockholder, then it is far from being funny! It would appear that the transaction between Meteor PLC (majority owner and CEO DW) and Camelot (absolute ruler and CEO DW)is but another sham in a long line of them perpetrated on stockholders by Camelot. What did Camelot give? 2.5 Million Pounds (nearly $4 Million) consisting of much of the loan stock that Meteor paid for distribution rights for Digiphone. This is quite convenient because it would seem that Meteor is likely not able to pay up when the loan comes due anyway. It is real nice to be able to so easily retire debt, now isn't it. Fortunately the hit that Camelot stockholders took was oconsiderably less due to the nearly non-existent value of Meteor stock today. In the deal Danny also paid Danny an additional 3 million plus shares of Camelot stock. This in itself is interesting. By transfering this stock to a company the he owns and controls, he increases his stranglehold on Camelot while being able to list the stock value (an asset of dubious value recently) on Meteor's dismal balance sheet. This whole deal was necessary because Meteor has had no success distributing Digiphone and apparently less success selling it's own phone booth software, and hence has had almost no income. Please note that Meteor stock has plummeted by 87.5% (about 60 pence down to 7.5 pence) since DW bought the shell, fired everybody and converted it into a one man (Meteor only lists 3 employees two of which are DW and Ms. Fitzgerald) distributorship for Digiphone software. What did Camelot get? They got rights to distribute a phone booth software package that Europeans have long ago decided was worthless. Heck of a deal! BTW Has anyone else noticed that the only deals that DW has been able to make lately are with himself? I guess this is understandable though. It would seem that no one else wants to deal with him, and when he just has to negotiate with himself he can set any sort of inflated value he wants for the transaction! The result is the ability to issue more fantastic press releases in the attempt to befuddle the unwary investor! A suggestion, read carefully, do your homework, and don't take anything this company publishes at face value!

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