The following was e-mailed me by Kevin LeBlanc, former Investor Relations Manager of Camelot. He asked that I post it for him:
From: kleblanc@dct.net (Kevin LeBlanc)
To: "Tim Finegan"
Subject: Pasteur
Date: Fri, 16 May 1997 14:57:26 -0500
X-MSMail-Priority: Normal
Dear Mr. Pasteur,
I am having this letter sent to Silicon Investors for me because I refuse
to pay the $45 that SI is charging for new subscribers to join. I am also responding at this time to "clear the air" on some issues that you have brought up.
Yes it is true that I have left Camelot. I left because I was offered a
position with a more financially lucrative package, increased
responsibilities and a shorter drive time. To my knowledge none of the people that have left Camelot recently have left because of their lawyers advise. To give you an example: the advertising VP left because he will receive more money and only have a 15 minute drive time instead of an hour drive time. Our trade show manager left for an opportunity for more money and an increase in her job responsibilities. The creative arts person accepted a position as director of graphics art design with a large commercial arts company in Dallas. I believe that the previous might answer some of your comments as to why people are leaving the Co.
As an Investor Relations professional my credibility is crucial and because of this I view you're the next remark as complete slander: "I wonder if LeBlanc's concience was bothering him from all of the lies he has had to tell hurting investors in an effort to keep them on the hook for this dog." If you had ever bothered to speak with me directly, you would know that I only told investors what was being reported in the SEC filings. I never deviated from that. As to the "hype" releases, I never wrote any and when questioned I told anyone that I talked to what was reported in the financial filings. If you call me a liar you are calling each and everyone in the Investor Relations field a liar because the SEC documents are the ultimate documents that each and every one on my peers rely on. I did not agree with the wording on all of the releases but it is my job to convey the information to all of the investors.
You state over and over again that you have no financial interest in the company and that you were made aware of it because your friend was being sued by them. But I wonder why anyone with a reasonable mind would stand outside a booth at COMDEX in Las Vegas and scream at the top of their lungs that this company was a dog, had sued his friend, and was trying to deceive their shareholders. I believe that someone would be you Mr. Pasteur. As you stated on a previous occasion "I have my sources" to confirm that this commotion actually occurred. You also stated incorrectly that Camelot had
spent $50,000-150,000 on their castle. You could not be further from the truth than if it hit you square in the face. The booth that you saw at fall 1996 COMDEX only had about $3,000 worth of improvements to the booth that was used the previous year. Talk about wasting a lot of money! The person who made those improvements was the same gentleman that accepted the director's position at another company because they saw his talents.
I will commend you on your reporting of the company's activities. For the most part you were accurate in detailing the relationships with Meteor and other facts that were being reported. I did concur with some of your opinions from time to time and I also laughed at your outrageous statements from time to time.
This is just for your knowledge, because as I've seen you are not aware of all of the behind the scenes working of SEC documents. But a preliminary proxy was filed for the 10-1 reverse split, a second preliminary proxy had to be submitted for the 20-1 reverse split. These were not the definitive proxy's, only a definitive proxy is what will actually take place at a meeting and it will also have the correct day and time of the meeting. Also there is a time lag from the time you file your preliminary proxy until you receive comments back from the SEC on any significant proposals before you can send file the definitive proxy.
I am sure employees of all companies would appreciate it if you would
refrain in the future from calling people liars and other derogatory
remarks or else it could become quite expensive for you.
Sincerely,
Kevin LeBlanc
PS. If you would like to contact me directly I can be reached at
kleblanc@dct.net |
