SPIDER & RICO'S 'NO-BASH' THREAD FOR LGCY !!! Message Board

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Pastimes : SPIDER & RICO'S 'NO-BASH' THREAD FOR LGCY !!!

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To: Spider Valdez who wrote (151)	10/25/1998 10:46:00 PM
From: Janice Shell	Read Replies (1) of 296

I find the question of the label-stripping quite puzzling. According to what Sylver said in his interview, the stock was restricted for only 40 days. What would be the point of messing with the labels? This was to be a Reg-S deal, supposedly; the stock could have been shorted against by its buyers anyway, and they'd have subsequently been able to get rid of it quite quickly. Typical Reg-S nastinesss: the kind of thing a conscientious CEO does NOT expose his shareholders to. ask your friend andy mann about $1 million private placement if he can show stock in account. Ask your friend Mike Sylver why he never filed an 8-K for said private placement. And what account are we talking about? Mann's? First Concorde's? Whitecliff's? Shoreline's? Why did Sylver turn the stock over to Mann without insisting on payment? The best possible interpretation that can be offered for Sylver's behavior in this matter is that he's a complete moron. And oddly enough, I don't really believe he is. After all, if there's one thing Mike Sylver knows how to do, it's issue stock.

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