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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)

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To: Zeev Hed who wrote (6296)6/23/1997 9:00:00 AM
From: Pluvia   of 9164
 
Alex & Zeev,

<<<During 1996 and 1997, the Company made loans to Mr. A.E. Benton, its Chief Executive Officer, and Mr. M.B. Wray, its President and Chief Financial Officer,each loan bearing interest at 6%>>>

I can find a number of unethical transaction performed by company officers from a number of different public companies. Transactions that are unethical, conflicts of interest and breaches of fiduciary resonsibility -- HEY! Looks like, (IMO), Kahn and McLeod win the grand prize -- three "Scumbag Violations" in one fell swoop.

So let me get this clear,,,, Are you suggesting that because other "scumbag" officers take advantage of shareholders in other companies -- it's ok for Kahn and McLeod to take advantage of AKSEF shareholders?

One other thing perhaps you two could could help me with -- I've always been curious,,, After you guys fall off, <ouch -- that's gotta hurt>, do you somehow "get back on" the turnip truck, or, wait for the next one to come by?

Thanks for your assistance in these matters.

Your Sincere man in the States,

Steve
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