TFRY (was FRYA) Tasty Fries, Inc. Message Board

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Microcap & Penny Stocks : TFRY (was FRYA) Tasty Fries, Inc.

TFRY 0.00001000

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Nov 21 9:30 AM EST

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To: francis young who wrote (541)	10/31/1996 6:17:00 PM
From: francis young	of 2405

Subj: Answers (14 - 20) Date: 96-10-30 21:52:14 EST From: WingOvers Continued from previous page..... Q. 14 What other financing is in the works such as the State of Pennsylvania loan? If so, where are they in process? How much is being requested? What is expected? What is the track record of benefactors of this type in lending to companies in similar situations (EG Do they have a history of lending to companies like TFRY or the loan request simply a shot in the dark?) A. 14. See answer #1 * Incorrect Information Q. 15. Does Ed Kelly have any other history of being charged with offenses similar to the ones currently pending? As 15. Edward C. Kelly is on outstanding citizen and a leader in the community. He does not have a record, he has never been charged with any offense and the litigation pending is from a disgruntled shareholder and an ancient inventor who has sued half the free world for supposedly copying his invention of a French fry machine (which by the way does not work). The disgruntled shareholders suit has been dismissed and the United States Patent office does not agree with Mr. Inventor because on July 23, 1996 a United States Patent for the unique invention of a French Fry Vending machine was issued to Edward C. Kelly. * Incorrect Information Q. 16. What specifically lead to these charges being filed against Mr. Kelly? If they are false why has Mr. Kelly not filed a counter claim for damages and malicious prosecution? A 16. You are obviously reading the legal proceedings in the K and Q. Please note that all the litigation is pre-1994, prior to Mr. Kelly becoming President. Answer #l5 is Mr. Kelly's only involvement. * Incorrect Information Q. 17. Are the charges being pursued criminally or civilly (this is relevant because if they are criminal it means that a prosecutor thought the evidence was meritous enough to pursue the matter). A. 17. See answer #16 * Incorrect Information. Q 18. Who are the current members of the board of directors? How much stock do they own collectively? What type of business experience do they have? Are they similarly under the cloud of charges similar to those that Mr. Kelly is facing? A. 18. Mr. Kelly has surrounded himself and the company with a truly distinguished group of directors. They are: Mr. Leonard Klarich of Knoxville, TN., Mr. Ian Lambert of Canada, Mr. Jurgen Wolf of Vancouver, B.C., Mr. Kurt Ziemer of Lancaster, Pa. Their business experience and ownership in Tasty Fries is clearly documented in the 10KSB and 10QSB. * Incorrect Information Q l9. Did Mr. Kelly have to liquidate stock to pay for legal council? A. 19, Mr. Kelly has never had to liquidate stock to pay legal counsel. Mr. Kelly does not have any legal problems. * Incorrect Information Q. 20 How much in management fees is being paid to the various board members or others? Specifically, what services are they required to perform to "earn" these management fees? A. 20. None of the directors of Tasty Fries, Inc. is paid a management fee. ***

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