Please note that the following coorespondence is in conflict with the earlier email I received from George Stolpe, which indicated they would try to be listed by NASDAQ last month. His latest response to my inquires is as follows:
Evidently, my previous message did not get through to you. Here's an
update:
1. The agreement with Zenith must be voted on by our shareholders.
Once we receive approval on the proxy materials from the SEC, we will
set a date for the vote and distribute those materials to shareholders
of record. We currently are targeting somewhere around the close of the
first quarter for the agreement to close.
2. Any outstanding contingent liabilities, i.e. legal issues, must be
resolved before the Company is liquidated and payout is made to
shareholders. Unfortunately, there is no way at this time to predict
when that will happen.
3. Once we have indication from the SEC that the proxy materials
are/will be approved for release, we will file for relisting on NASDAQ.
However, it is NASD's decision whether to relist RISCORP.
Please let me know if you have any additional questions.
Regards,
George Stolpe
Director, Corporate Media & Investor Relations
This memo/file is intended solely for the individual(s) addressed above.
The memo/file may contain information that is privileged and
confidential. If you are not a RISCORP employee or the intended
recipient of this memo/file, you may not distribute or copy any part of
this memo/file.
>----------
>From: Robert Floyd[SMTP:rfloyd@zianet.com]
>Sent: Wednesday, January 14, 1998 2:06 PM
>To: Stolpe, George
>Subject: Anyone Home?
>
>[] Are you guys still in business? I have sent the same inquiry three times
>over the past month. No response from you. If I should be directing my
>questions to someone else at RISCORP, please redirect my inquiries or
>provide another address.
>
>Sign me,
>
>A Concerned Investor |
