SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks Message Board

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Microcap & Penny Stocks : SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks

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To: Alan broderson who wrote (6966)	11/12/1996 8:41:00 PM
From: michael d kugler	of 13351

Every one seems to be asking whether or not there is a white knight in SEXI's future...great question. But let's try to think this through. Let's assume that someone comes in with a pile of money. What would that person want in return. What we appear to have here is a company with no proprietary videoconferencing technology(or at least anything that works), no assets (except for perhaps a pile of lazer equipment for a company not owned by SEXI), and some personnell with great (wink) connections to the government. There is a possibility that some dollars could conceivably be returned to the company by the SEC. That money may have to be used for more senior claims such as money owed to former employees, consultants, etc. The legal bills must also be climbing fast. So what would you want if you provided additional capital to the company? If it were me, I'd want at least a controlling interest in the company, if not considerably more. This means that existing shareholders would see the value of their shares diluted severely. Restructuring this company would undoubtedly be a killer for existing shareholders. If no white knight exists, Chapter 11 appears to be right around the corner...If the SEC does return money to the company, shareholder suits could eat up the proceeds in a hurry. Yet, the possibly of some sort of bailout is intruiging. It still seems unlikely to be friendly to existing shareholders. There are a considerable number of shares given ( if we can believe any of the S-8's ) to people who the SEC has not, as of yet, charged. It seems as though many of you seem to believe that 39 million shares will be rescinded. That number seems to be overinflated given the number of people and entities who would appear to be out from under SEC scrutiny. I am awaiting the Friday news as well, whatever that is. Who knows? It may be a revolutionary technological breakthrough the likes of which haven't been seen since Huttoe first appeared in this industry. JILTED but not holding my breath

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