Heads up! I just spoke to Mr. Sheppard and he had the nerve to admit
that when the announcement was made of ARET's plan to do a share buy-back that "THEY PROBABLY DIDN'T HAVE THE CASH TO DO IT AT THE TIME!!"
Just below you could substitute ARET!
To: Logistics (6695 )
From: MoneyMade
Tuesday, Oct 20 1998 1:19PM ET
Reply # of 6697
To: David Colvin (25100 )
From: Lonnie A.
Tuesday, Oct 20 1998 12:24PM ET
Reply # of 25105
From an official at the SEC to me this AM: "I can only tell you that Firamada, its CEO,
and Ira Monas are under investigation for fraud." "This is an important case as far as the
SEC is concerned." "You may not see anything in the next few months in the Wall Street
Journal but don't think we're not working on it, because we are."
Notice how he mentioned Ira by name? This gentleman was of course limited on what
he could say, but I got the impression that Firamada was on the top of someone's list.
He did state that this investigation was listed "priority." I would suggest that anyone who
has notes made from conference calls or anything else that could help in this investigation
to forward them to the SEC.
Securities and Exchange Commission
7 World Trade Center
New York, New York 10048
I kept notes from many of the conference calls with statements made by both Ira and
Arif, dates, times, projections, statements about profits etc. I'd bet my last dollar that the
recordings of these conference calls have been "misplaced" by Preferred Financial,
therefore, it's up to us.
Regards,
Lonnie |
