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Non-Tech : YouBet.com (UBET)

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To: LLLefty who wrote (170)	5/20/2002 3:42:18 PM
From: RCJIII	Read Replies (1) of 221

LLLefty- basically the CEO loaned UBET $750,000 upon rejoining the company. The company was in trouble at the time and the stock was trading below .60. He gets repaid on the $750,000 when the company raises sufficient additional funds. He also gave himself some warrants which can be exercised at just below the price the stock was trading upon Marshall returning to the company. The CEO's interests are aligned with the shareholders. If he raises a bunch of money, he gets repaid on his loan faster. If the stock rises, his warrants become more valuable. RCJIII

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