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Gold/Mining/Energy : AIT Advanced Information Technologies Corp.

AIV 5.330

+0.2%

Nov 5 3:59 PM EST

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To: hugh thorne who wrote (70)	7/28/1998 11:04:00 PM
From: Serge Collins	Read Replies (3) of 130

Who ever heard of a shareholder's right plan being in the best interest of shareholders. It is most definitely not. In fact it is a misnomer to call it that--it should be called an anti-shareholder's right plan. These plans are brought in so management can protect their jobs and perks such as options. The problem is that the management of these companies act as though the company is private and they have a total disregard for shareholders. Don't let them fool you. In situations like this, there should be some sort of quid pro quo where investors get something in return for supporting management's "guaranteed job security plan" (that's my name for shareholder's right plan). You know what you will get instead? A special resolution in next year's proxy asking shareholders to approve a repricing of options at a lower price. Trust me on this one--I've been there many times over the years. DON'T LET THEM GET AWAY WITH IT! Good luck.

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