***Response from Joe Lanza***
Yang,
I can't believe you cannot understand my plain every-day writing when
you are so good at your own fiction writing.
What you seem to overlook is that IWIC spent over 3.8 million: some of
the money bought class B preferred non-voting stock; part of the money
went for class A preferred, which was sold to a trust in December '95
(and which is really none of your business). Also, some of the class B
was given to PR/promotion firms back in '96-'97. So the bottom line is,
I do not have 17% of the stock. If I did, I would have had my attorney
file the proper forms. So don't worry, Yang, I will play by the rules,
even if some others don't.
I realize you don't understand, but if you think real hard, it might
come to you: when IWIC runs out of cash, and it hires other people to
help with promotion, sometimes it pays in stock, and if the stock is
restricted, a discount is usually required.
So read all my postings, stop assuming and stop putting misinformation
on the Internet.
750,000 class B non-voting preferred
435,000 common
But when my accountant finishes his audit, I'll give you even more (and
more exact) information.
Yin |
