And now a response from Trey in the IR department :
I hope you will accept my apoligies for the tardiness of these reponses. I
recieved your first email on 1/7/98. I will not bore you with the reasons for
the delay but can assure you they were valid.
1. SIDT is a fully functional company with several marketable products.
Currently, there is no analyst following the company.
2. The majority owners of the series E and F preferred shares are indeed
investment funds or high net worth individuals. The names of which I would be
more than happy to provide to you via the most current S3 filling dated
10/28/97. If you would like a copy, please forward your mailing address to
me. It was at the Company's option to redeem the preferred shares for cash in
December.
3. With regard to annual compensation. According to the Form 10-KSB/A filed
by the company for the year 1996, Page 43 (SUMMARY COMPENSATION TABLE)
Marc W. Eller $51,932.00 salary; $15,000.00 Bonus; $9,005.00 Other; 90,000
Options granted*
Zvi Yaniv $82,131.00 salary; $32,338 Other; 1,000,000 options
granted*
Trey Fecteau $107,061.00 salary**; $9,529.00 Other***; 90,000 options
granted*
*Options were granted at significantly higher strike prices and at this
point in time are of no value.
**This amount represents income for the entire year.
***Represents relocation and associated expenses.
I will also be more than happy to supply you with the 10K filing as well. I
hope this information is helpful. I only wish that I had made over $200k in
96. I am sure my ex-wife and banker would have liked that also. Alas, that
was not the case.
Thanks for your patience.
Trey Fecteau |
