Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU) Message Board

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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU)

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To: Richard Mazzarella who wrote (4777)	11/5/1999 1:46:00 PM
From: Karl Zetmeir	of 5143

What I think occured is simply a conflict in management style. I have a fondness and respect for Mike and Jeanne and appreciate how far they took the company starting from zilch. I had hoped the aggressiveness of Mike would be complementary to the methodical scientific ways of Al ... obviously that didn't gel. In the final analysis, since there isn't any contingency plan for an alternative extraction process I'm aware of ... the BoD did what was right for the company. They closed the management chasm and salvaged our best hope for a recovery/production breakthrough. I don't doubt it was a very difficult decision but one that was necessary as the conflicts were real roadblocks to moving forward. While it's not the way I hoped it would go ... I have confidence the BoD are doing everything possible to excel.

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