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Technology Stocks : Solucorp Industries (SLUP - OTCBB)
SLUP 0.000010000.0%Mar 7 3:00 PM EST
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To: cec who wrote ()11/9/1999 5:51:00 PM
From: hawkeye   of 3679
 
MESSAGE TO SOLUCORP INDUSTRIES LTD.

THE SECURITIES AND EXCHANGE COMMISSION TOLD ME ON MAY 1, 1998, THAT IT THOUGHT THAT YOU WERE A BUNCH OF LIARS AND CHEATS. THE SEC DID NOT TELL ME WHY IT HELD THIS OPINION.

AFTER 19 MONTHS , THE SEC HAS BEEN UNABLE TO TELL ME
ANYTHING TO SUPPORT THEIR MAY 1, 1998 STATEMENTS!!!!

DURING THAT SAME 19 MONTHS I HAVE SEEN YOUR BUSINESS EXPAND HERE IN THE US, IN OUR NEIGHBOR TO THE NORTH, AND ACROSS THE GLOBE. YOU WERE ABLE TO ACCOMPLISH THIS DESPITE YOUR BEING DRAGGED DOWN BY THE COSTS RESULTING FROM THE SEC'S ACTIONS, THE TIME DIVERTED FROM THE COMPANY'S BUSINESS, AND A GLOBAL MONETARY CRISIS THAT DISRUPTED THE EXPECTATIONS OF MANY BUSINESSES THOUSANDS OF TIMES LARGER .

YOU HAVE TOLD ME THAT THE SEC INITIATED AN INVESTIGATION INTO CERATIN ASPECTS OF THE COMPANY.

THE SEC REFUSES TO TELL ME IF THAT IS SO.

I AM PERPLEXED.

YOU HAVE TOLD ME THAT THE SEC HAS CONCLUDED ITS INVESTIGATION AND THAT TO END THE MATTER SO THAT YOU COULD DEVOTE ALL OF YOUR ENERGY TO THE COMPANY'S BUSINESS THE COMPANY OFFERED TO CONSENT TO CERATIN MATTERS.

THE SEC REFUSES TO TELL ME IF THIS IS SO.

I AM CONFUSED.

YOU HAVE TOLD ME THAT CERTAIN MEMBERS OF THE STAFF OF THE SEC BELIEVE THAT YOUR METHOD OF ACCOUNTING FOR YOUR RELATIONSHIP WITH SMART IS IMPROPER DESPITE THE FACT THAT:

IT WAS APPROVED BY INDEPENDENT AUDITORS;

YOU HAVE ALWAYS DISCLOSED WHAT YOU WERE DOING IN THIS REGARD;

IT SEEMS REASONABLE TO ME (NOT AN ACCOUNTANT);

AND THE SEC ACCOUNTANT MUST HAVE BEEN ASLEEP AT THE SWITCH WHEN IT WAS DISCUSSED.

THE SEC WILL NOT TELL ME ANYTHING ABOUT THIS.

I AM CONFUSED.

DESPITE THE FACT THAT THE SEC HAS TOLD ME THAT I SHOULD NOT LISTEN TO YOU, IS THERE ANYTHING ELSE YOU CAN TELL ME ABOUT WHAT IT IS THE STAFF OF THE SEC TOLD YOU THEY THINK YOU DID WRONG? OF COURSE, IF YOU BELIEVE THAT WHAT THEY TOLD YOU IS NOT A FAIR CHARACTERIZTION I CAN UNDERSTAND WHY YOU WOULD NOT WANT TO FURTHER PROPAGATE SUCH RUBBISH.

NOTE: I AM NOT INTERESTED IN HEARING ABOUT SUCH THINGS AS:

CONTRACTS THAT YOU NEVER TOLD ME THAT YOU HAD EXECUTED;

THE PERSONAL HISTORIES OF YOUR OFFICERS;

OR TYPOS IN ANCIENT ANNUAL REPORTS THAT WERE SO OBVIOUS ONLY AN IDIOT WOULD NOT HAVE RECOGNIZED THEM AS SUCH.

THANK YOU
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