AGGRESSION SPORTS, inc. * TVSI * OTC BB Message Board

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Microcap & Penny Stocks : AGGRESSION SPORTS, inc. * TVSI * OTC BB

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To: Pugs who wrote (26)	5/24/1998 12:08:00 PM
From: Mel Viticus	Read Replies (2) of 129

I'm fairly new to this DD procedure, but I was wondering if any one has concerns about "contingent liabilities" to the company as expressed in the May 20 PR.... Certain assurances and protections in the face of recent dissident shareholder activity, extreme market volatility and the possibility of regulatory enforcement action, and the existence of outstanding unpaid employee taxes... and concerns about all of the shares issued to counteract such contingencies: These assurances have taken the form of indemnification and an undertaking to advance legal defense costs, should they be necessary, issuance of a block of 20 Million shares of Common Stock as incentive for assuming management control, and a break-up fee of $500,000 in the event that they are removed before having an opportunity to establish and implement a strategic plan. The obligation of the company to pay the break-up fee and to indemnify Raabe and Boethling from tax liability for outstanding employee taxes is secured by the unencumbered assets of the company... and finally, concerns about so many outstanding shares? (200 million)... This will constitute a voting block of approximately 50 million shares or one-fourth of the total issued and outstanding common shares of the Company.... Sorry about all the questions and "cut and pastes" but I am trying to educate myself here!! Mel

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