From our friend Steve to PEAFF CEO,,sounds like a black mail to me ..
Please note co has filed all the financials,, via KPMG , OTC just got listed as promised.. products selling ,, getting awards by industry peers , we are not seeing the volume because one MM participation ..
-----Original Message-----
From: Stephen Stitle, Jr. <sstitle@worldnet.att.net>
To: Doug Foster <doug@peak.com>
Date: Friday, December 05, 1997 8:47 AM
Subject: Let's make a deal
>Doug:
>First of all I find it very hard to believe that you did not know the
>exact terms of your own financing deal. How could you not have know it
>was 6 months instead of 1 year? You are the CEO of the company you are
>supposed to know these things.
>
>Secondly, I find great confusion in the fact that now the Marwick audit
>is going to take 6 weeks when just a few days ago you said the info
>should be in your hands any minute and you would be sending it to Wien
>Securities. Now you say they will be starting next Monday. What is
>going on here? I believe things were not going well with the audit and
>now a new one has been started.
>
>All of these confusing details coupled with the difficulty we had in
>getting info about the private placement, the insider trading, the
>delays in NetMagnet (while all these have been legal under Alberta
>Trading rules) it is making the company look very suspicious.
>
>When I posted the 300,000 share sale post, Jim had told me he was going
>to dump because you had not gotten him the info he requested. So this
>was a true statement at the time and Jim knew I posted it. He reads SI
>daily.
>
>He has expressed to me that you would like me to stay off of SI and
>basically disappear. My family still owns roughly 80,000 shares. I'll
>offer you a deal. I will sell all my shares and my family's shares to
>you for $3.00 a share CDN and you will never hear from me again and no
>one will know of this agreement OR you can put me on the Board of
>PeakSoft with no strings attached. This is my offer. It is not a
>demand or threat. If you wish to do neither request I will still be here
>being the same old Steve. I thought I would give you an avenue to make
>us both happy. I am as frustrated with this company as you are with me
>and I want out but cannot get out at these levels.
>
>Sincerely,
>Steve
>
>
Let's hear Steve's side ....
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