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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU
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To: Antares who wrote (4006)8/19/1998 9:34:00 AM
From: john   of 4718
 
A reasonable solution to one of your problems.

1 Paul Gray resigns from Antares board, several weeks later his firm CR Capital several weeks later his firm CR Capital receives cash or stock fees from one or more of the private or public financings that occurred.

2 Because Paul Gray was both a director of Antares and a shareholder of CR Capital at a point in time when it was apparent that those capital sources would invest in Antares, CR Capital should never have received any fee. Whatever Paul Gray claimed to have arranged as a principal of CR Capital was actually his obligation to perform as a director of Antares

3 In Fact Paul Gray's resignation from the Antares board and subsequent activities on behalf of the company were not only self serving but reckless as Antares was left with a management vaccum which is yet unfilled

4 To remedy the above situation and show good faith to Antares shareholder's Paul Gray should cancel both the above mentioned fees and all the fees and options received in the recent Steppe deal. He (Paul) should return to the board of Antares until the company's share price is restored to the levels where it was when he resigned

5 Antares should do the following:

1 Extend "exit packages to both Peter Southward and Robert Yeoman, both of whom have been unresponsive to shareholders, but have been creully indifferent to shareholders concerns over the total collapse in Antares share price If Antares is unwilling to do this then they should at the very least get a 1 800 number and have Cynthia Dean handle all shareholder calls not Yeoman or Southward

2 Antares should immediately fill the president's position with a professional business manager
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