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Technology Stocks : Zenith - One and Only

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To: MJ who wrote (6216)	8/1/1999 12:35:00 PM
From: MJ	Read Replies (1) of 6570

To Robert Utne and others A MAJOR CORRECTION TO WHAT I WROTE IN THE WEE HOURS OF THE MORNING!! The cost of mailing and printing the Disclosure Statement APPROXIMATES $4,000,000 NOT THE 400,000 ESTIMATED. There are 20,000 shareholders not 2,000 as I printed-----I picked up from page 194 of the Declaration the 2,000 portion of the statement under "Delaware Anti-Takeover Law". Should have read your web site before doing my calculation. ANYWAY----AS CORRECTED AND ESTIMATED $4 million dollars!!!! For a company pursuing bankruptcy I am astounded----add to this the other costs for Georgeson and Company and staff time this $4M is only a part of the cost. WHY WOULD A COMPANY PAY THESE KINDS OF COST OR INCUR THESE KINDS OF COST WHEN THEY DON'T PRESUMABLY HAVE THE ABILITY TO PAY???? MJ

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