This one dated, April 28, 1997
From: "Tania A. Robinette-Turenne" <tturenne@RBVDNR.com>
To: Tod Pauly <Tigre@dataplusnet.com>
Subject: Gayle Essery Letter
Date: Mon, 28 Apr 1997 15:26:00 -0500
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The following is the letter faxed to Mr. Essery today:
April 28, 1997
SENT VIA FACSIMILE
Mr. Gayle Essery
StreetLevel On-Line Moderator
The Waaco Kid's Forum
Dear Mr. Essery: Re: GIFS
This letter responds to recent statements that have been made regarding Genesis
International Financial Services, Inc. (-GIFS-) and the questions that our client, D. Tod
Pauly, raised regarding GIFS. As specified below, we request, on behalf of Mr. Pauly,
an immediate
retraction of these statements.
On April 9, 1997 (and thereafter), you published several statements that were untrue
and misleading. These statements include: (1)statements that Mr. Pauly has not owned
GIFS stock; (2) statements that Mr. Pauly received nonpublic information that was
available only from documents that were in a briefcase that is connected to a January
14, 1997 break-in (and such information was obtained through such criminal activity,
i.e. the break-in); and (3) statements relating to other concerns and questions raised by
Mr. Pauly concerning GIFS+s officers.
These statements are incorrect and misleading. First, Mr. Pauly has owned GIFS stock
and IMXS stock. Second, the alleged -break-in-occurred on January 14, 1997. The
document containing the information that prompted Mr. Pauly+s questions is dated
February 11, 1997, nearly one month after the break-in. Further, that letter discusses
events occurring in early February. Third, it is now apparent that GIFS+s officers may
not have made required disclosures concerning the criminal background of the
Company+s officer(s). It is now acknowledged that the Company+s CEO, Mohamed
Khairy Mohamed Zayed, II, has been incarcerated.
The above areas are not intended to be all inclusive. At this time, we request that you
retract the above statements and cease and desist from any further actions that are
intended to damage Mr. Pauly+s credibility and/or his ability to obtain
investment-related information. We also request that you (a) placeMr. Pauly back on
the lists (for which he paid to subscribe as a member), (b) advise other subscribers that
he should not have been removed as a member, and (c) take all other steps necessary
to advise investors that certain statements you have permitted to be published have
been based on
speculation, not fact.
Mr. Pauly reserves all rights regarding any statements that have been made in a false
and misleading manner. He also reserves the right to all damages that he may have
sustained as a result of the statements you have made or permitted to be published.
Very truly yours,
Anne M. Hlavacka
MW2\12135 |
