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Microcap & Penny Stocks : ALANCO ENVIRONMENTAL: ALAN
ALAN 0.00Mar 8 4:00 PM EST

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To: Josh C. Pleasure, M.D. who wrote (99)4/21/1997 5:03:00 PM
From: Paul Bartosh   of 402
 
This is what got all of this started:

From the 13-D form filed on 4/17/97
"Capital has communicated with the Issuer concerning a range
of issues it believes could favorably affect both management
focus and shareholder value, and may continue such
communications. Capital is evaluating various alternatives
to accomplish those goals, including some that could involve
changes in management or membership on the Board of
Directors, and could take actions that would have such
consequences."

Who is "Capital"?...
"This Schedule 13D is filed on behalf of Antonio Cabral Corp.
(f/k/a Lyons Capital, Inc.), a California corporation
("Cabral Corp"), Harbinger Capital, L.P. (f/k/a Lyons Capital
Partners, L.P.), a California limited partnership
("Capital"); Antonio A. Cabral, Jr. ("Cabral"); Harbinger
Partners, L.P., a California limited partnership
("Partners"); and The Athena Fund, Ltd., a Cayman Islands
company ("Athena").

" Cabral is the sole shareholder, sole director, Chief
Executive Officer, Secretary and Chief Financial Officer of
Cabral Corp. Cabral Corp.'s only business is acting as the
sole general partner of Capital. Capital is an Investment
Adviser registered under Section 203 of the Investment
Advisers Act of 1940. Its sole business is to act as the
sole general partner of Partners and as investment adviser to
various managed accounts. Partners is a California limited
partnership whose principal business is investing in
securities. The principal business address of Cabral, Cabral
Corp, Capital and Partners is 4365 Executive Drive, Suite
740, San Diego, California 92121.

"Athena is a Cayman Islands-based company whose sole business
is investing in securities. The principal business office of
Athena is British American Center, First Floor, Dr. Roy's
Drive, P.O. Box 2003, Georgetown, Grand Cayman, Cayman
Islands, British West Indies."
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