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Microcap & Penny Stocks : SVCDQ, temporary board?
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To: Arthur Tang who wrote (36)4/2/2000 11:50:00 AM
From: Arthur Tang  Read Replies (1) of 66
 
The destructive business plan is Tom's. the stockholder who has a motion in front of bankruptcy court to request a stockholders' committee, defense against the company's claim that the stocks are not cancelled; therefore, the judge should denied the formation of a stockholders' committee.

Tom's argument is that stockholders will call on any one who will buy a partial interest of the real estate venture and the IPO of the servicemerchandise.com. The company has thus far not shown any success in raising cash from these assets.

Also that the execution of business plan 2000 is destructive, and the management has to go back to the more stabilized business plan of 1999.

The other stockholders who have a lawyer should look into the revenge of the management against the bondholders and thus impaired the value of the stockholders' ownership of assets.
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