SFAD @.03 PATENT NO. 4,4865,287 Message Board

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Microcap & Penny Stocks : SFAD @.03 PATENT NO. 4,4865,287

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To: David Sirk who wrote (1214)	12/3/1998 11:33:00 AM
From: Vandyman	Read Replies (1) of 1236

I'm still skeptical of this latest development. They did the same thing a year or two ago, and backed out after their "partner" refused to put any monies upfront. Too many things sound fishy...the theft of the computer equipment is thought to be an inside job, so many family members at executive levels or on the board, so many shares outstanding AFTER the reverse split: ".. The obligations of the Company and INI to effect the Merger were subject to certain conditions including: approval and adoption by the Company's stockholders of proposals to amend the Company's Certificate of Incorporation to (i) increase the Company's authorized common stock to 999,999,000 shares of common stock; (ii) change the name of the Company to "Safe Technologies International, Inc."; and (iii)effectuate a one-for-ten reverse stock split of the Company's common stock; and(iv) approval and adoption of the Merger Agreement by the Company's stockholders." All of their sales are down, debt is over $1mm, and everything is riding on 1) the nasal spray which has been bandied about for 12 years, and 2) the internet play to the "rich". It seems that to pay for things, they just issue shares. It makes me skeptical.

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