Dear Robert, Phil, and Jeanette," ESQ.,"
I must say that this is my first, and definitely not my last post on
this Board. I am currently a Shareholder in" Camelost..." I was orig-
inally only disappointed in the activity of the Stock,and my poor judg-
ment in purchasing it. However, the on-going investigation by the SEC,
as well as the general mismanagement that is apparent throughout your
entire 1996 Annual Report convinces me that you,and the other directors,
Danny,Allan, and Henry, are the people who should be ashamed.I am truly
sorry that you felt a need to defend a minutae incident as cited by Phil,
but it provided me this opportunity to reach you directly. You should
be much more concerned with the real issue at Camelot, SUCH AS: Why
did you and the other Directors vote Danny a loan of $ 1.8 Million?
His key man insurance is only $1 Mil., no banker I know would make a
loan without appropriate insurance back-up and collateral. You state
this loan was Secured. With what? Danny's European interest in Digi-
Phone Europe? Or perhaps it is to pay back "Forme"Capital,( acronym )
"For Me" .
How blatantly disrespectful...to your Shareholders!!
What about Danny and Zara's "Wettreich Heritage family trust"?
Did Danny and Zara post that as a financial guarantee for the "secured
loan"?
I clearly see that we as Shareholders are deeper in debt. After all
your Annual Report states as much. Meanwhile we are financing a
European company, Meteor Technology, that has paid Camelot for distri-
bution rights, and then of course, "adjusted" the price after the fact.
The Meteor venture appears to be an outside corporation that wanted to
provide distribution. ( NOT )
Who, prey tell is the major Shareholder in Meteor? Well...from what
your Annual Report advises, it is Danny, correct?
What is to happen to the Shareholders Jeanette, when there is no money,
no Mr.CD ROM, no 10% Plus or whatever the (5)stores are? Do we then
retain your services as our general counsel? Will you show us
compassion and empathy as well? I am assuming that you were general
counsel for "Stock Transfer Company of America"? Will you provide the
securities transfer for the stocks moving to Europe?
What will you do for us if DigiPhone's money becomes transferred
to Europe?
Will we be left paying Danny the 150% rent hike as outlined? You know,
the Texas building where your offices are located? Will we be left to
pay the monthly stipend for his "Golden Parachute" that financially
prevents his ouster?
What do we do for funds then Jeanette? As stated in the Annual Report,
3 of the 4 directors on Camelot's Board have been involved with
Bankrupt Co.'s. The exception, I am assuming, is Henry Gelender, the
Opthamologist. Is Henry aware that the vote you are asking your Stock
holders to act on in January, the vote for "incentive" options, will
place we the Shareholders in deeper debt with no sign of relief?
I have no doubt that Danny understands the London Exchange, and I have
no doubt that Meteor Technology will be healthy.
After all, as the Annual report states, Danny was actively involved in
London in the 70's. But what if he decides to stay in London,Jeanette?
Should I not be concerned?
While I realize the 23,000 Shares held by myself, my mother and my best
friend are but a mere pittence, I suppose it was your reaction to that
other poor innocent female originally mentioned by Phil, that prompted
my response.
As one business woman to another, you've been with Danny a long time,
just what is going on Jeanette? If you value your company, I think
you best start your own Posting Board... you have some very unhappy
Shareholders.
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