Lori Colin is the Personal Assistant to the Chief Financial
Officer of LDDI.
As most of you know here, I have been at pains to get some
reassurance from the company, as to the likelihood of its
survival, not only as a LISTED company on the OTC:BB, but
also as a compliant trading company,with a future.
I was, as you know, particularly concerned about the
company's failure to file its returns, as required under
sec rules, and incurring the dreaded "E" symbol after their
name once the 19th January has passed.
Last week I sent LORI a number of questions, as regards the
intentions and future prospects of the company, and she
rang me today, to read me a statement from her boss who is "abroad on business"............
She said...." My boss is away on business and asked me to read you the following"...
(Here I have to refer to my notes, as she did not mail me
what she read...but I do my best to reproduce what she said as faithfully as possible..........)
Lori said....
The company has received my list of questions, which it is not able to give specific answers to at this time.....
The company fully intends to issue a formal clarification
as regards its position in the very near future.....
This clarification will deal with your questions and concerns specifically....
NEGOTIATIONS ARE IN PROGRESS, which would have the effect
of making LDDI a valuable company....
Management are hoping that their investment in Powerchannel
will have the effect of adding value to LDDI......
The management of LDDI are taking all necessary steps to
protect every aspect of LDDI and its creditors and its
stock listing....(words to that effect)....
Management wants to restore vibrant trading in its shares
and restore shareholder value.....etc etc.
In a nutshell, they ask people like us to be patient
a little while longer, and are of the opinion that if we
hang in there, all will be well.
The memo read to me can be confirmed by calling Lori Colin
at Powerchannel 914-639-0600 extn 108
Subject:
Date:
Mon, 17 Jan 2000 11:49:50 -0500
From:
lcolin <lcolin@powerchannel.net>
Organization:
PowerChannel, Inc
To:
"'rod@comsys.ie'" <rod@comsys.ie>
Rod,
I have received your e-mails. Please call me to discuss. 914-639-0600x108.
Lori |
