Another e-mail, from Randy:
Subject: Message from the Chairman
Date: Sat, 23 Oct 1999 14:28:24 -0700
From: David Webb <info@bioponic.com>
To: info@bioponic.com
This email message is intended to reach all
those shareholders and other
parties interested in Bioponic International
who we believe received an
email message on Friday afternoon, October 22,
1999, from an individual
identifying himself as "Tom Perk." In that
message this individual took
it upon himself, without checking with the
Company, to "inform the
investors of Bioponic that the Company will be
filing forms for Chapter 7
bankruptcy this fall." On Saturday, October
23, 1999, "Tom Perk" sent a
second email message, purportedly to all those
receiving his first email
message, retracting the first message with a
ridiculous excuse about
"hearsay."
There is no excuse whatsoever for this kind of
reckless behavior. This is
obviously a totally irresponsible, and perhaps
malicious, use of the
Internet. We are actively seeking to learn
the identity of the person
responsible for this false message. The
Company is determining what
further action it will take to protect its
rights, and the interests of its
stockholders, against "Tom Perk" or any other
persons who recklessly or
maliciously spread false statements about
Bioponic International on the
Internet or in other media. Our Counsel has
already contacted Yahoo! in an
attempt to learn the identity of "Tom Perk."
We would appreciate your
assistance if you can help us locate this
individual.
Bioponic International has no plans whatsoever
to file for bankruptcy. To
the contrary, our business continues to
develop consistent with our
business plan and we are working on certain
long-term projects which we
expect to be able to disclose to the public in
the near future. In
addition, this past week we completed the
planning phase for an expansion
of our Parkmont Plant in Butte, Montana. This
expansion will eventually
enable us to increase our production
capability for liquid zinc sulfate to
a rate of approximately ten times our current
production rate. Also, we
continue to work toward completing the legal
and accounting efforts
necessary to both (i) file our Form 10 with
the SEC to become a
fully-reporting company, and (ii) effectuate
the planned spin-off of the
Airponic Growing System subsidiary to all the
Company's stockholders.
We will continue to keep you informed as best
we can on these and other
developments that may affect Bioponic
International stockholders.
Sincerely,
Randall S. Reis
Chairman & CEO |
