SLH Corp. (SYNM) - From natural gas to crude oil Message Board

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Technology Stocks : SLH Corp. (SYNM) - From natural gas to crude oil

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To: Tokyo VD who wrote (94)	3/18/1998 1:22:00 AM
From: James J. Franklin	Read Replies (2) of 281

Tokyo VD I appreciate your skepticism. It is healthy. And the fact that Czeschin has not responded to any of my E-mails to him only substantiates your claim. But, just because a person lives in Hong Kong does not make him a con-man. And, he told me and other subscribers to take profits in half our positions in both SLHO and LUKOY. At least if he is a scammer, or hired gun, as you put it, he is a prudent one. You asked me last month if I knew what the percentages of the royalties were for the licensing agreements and I asked Steve Fitzwater of SLH Corp for the answer. He was very secretive about the transactions and would not give the percentages to me. So, you see, I did make an attempt but I did not get the same answer you apparently got. Good for you. Would you be so kind as to share what you know about the royalty structure of these licensing agreements? Is it $1 per barrel royalties, or 1% of net revenues, or? As far as the amount of the up front royalty, I think you have said that it is zero, correct? Oh, I have checked up on the Philippine mini penny oils. Half no longer exist,and some have merged with other companies. Let the buyer beware!

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