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Microcap & Penny Stocks : Ustman Tech (USTX) formerly Watson Gen (WGEN)
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To: Ahda who wrote (25)8/26/1997 9:26:00 AM
From: Ahda   of 73
 
"Watson Systems Security Agreement" means an agreement
substantially in the form of Exhibit F, pursuant to which Watson Systems has
pledged all of its personal property, including its accounts, contract rights
and general intangibles to Investor to secure Company's obligations in respect
of the Loan.

This about says it at this point .Sagaponack is a Cayman isalnds partnership. Not a very secure camper on this one as it is imperitiive that loan be paid and Mr Crane doesn't seem to be worried about captial.
Darleen
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