PMGIF - Creating Internet Site for SPICE Channel (PLAYBOY) Message Board

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Microcap & Penny Stocks : PMGIF - Creating Internet Site for SPICE Channel (PLAYBOY)

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To: Jacalyn Deaner who wrote (121)	7/26/1999 11:11:00 AM
From: Jacalyn Deaner	Read Replies (1) of 139

SEC filing May 1999 excerpt: Celebrity loaned $472,501 during 1997 and an additional $218,021 during 1998 to Mr. McNamara. The loan from Celebrity to Mr. McNamara accrued interest at prime rate and was payable on demand. The loan to Mr. McNamara was settled in 1998. The funds used by the Company to make the above-described loan were the proceeds from the exercise of stock options issued by the Company to an entity wholly controlled by J. William Metzger, the other director of Celebrity, as compensation for consulting services rendered to the Company by Mr. Metzger during 1998 and 1997. The Company shares corporate headquarters office space with Celebrity. not only that, in 1998 they paid over 700,000 in 'consulting fees' and allowed 118,000 for federal tax purposes; if I do nto hear from Attorney nor McNamara within three 3 business days, I am going to ask the IRS for information on Employer Fed ID #98-0082860 to see if they are in 'arrears' or NOT. Just doing DD and expecting answers. Holyfield Associates PA CPA out of West Palm Beach, FLA April 15, 1999 last did financials on PMGIF the company IS holding a HUGE amount of the shares and has been buying the stock over the past 2 years (since late 1997 thru the annual report of Dec 1998 and there hasn't been any dumping of those shares; the majority of the shares were purchased around the 2.00 mark FWIW. This post if for reference purposes only so I can keep an electronic file of activity to date. If you have any other ideas please let me know. Post not intended to lure unwitting nor undecided investors. Jacalyn M. Deaner

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