Just relaying cont'
Subject: Re: Pitts and Spitts
Date: 1/2/99 11:34 PM Eastern Standard Time
From: LQQX
Message-id: <19990102233450.29451.00006240@ng12.aol.com>
holloway writes:
<< Well, LQQX, Janice Shell thinks you are the notorious Carl Kruse. Here is her post: >>
LOL Well, holloway. You certainly are a confused little grasshopper. So far, you've suspected me of being Oaktree on another thread, Top Dog, Kevinl, Joe Gort and now Carl Kruse. Pretty soon, I'll be everyone on this board. Save effort and just head every post with, "To whom it may concern.". It'll give you more time for resolutional delusion therapy. And SI Needleticker's most excellent observation:
<< Don't know who Carl is and don't care. Don't know who you are, and don't care, but I do know who LQQX is. The only thing I do know is, there are no detectives here. >>
holloway further writes:
<< Is that gross income or net? From the info that I saw on Edgar, there were considerable expenses, and you may be quoting a gross income, rather than net. Maybe these issues will be resolved once access to the free Edgar URL is available again. >>
That $120,000 royalty check is net. No operating expenses. No other expenses. Royalty, free and clear. $600,000 dollars worth of EDII stock exchanged for the guaranteed income. Net.
jmt writes:
<< 4) There are so many names we all recognize on many stock transactions. Elk international ( controlled by Dror's brother) had options for $2M shares at a price of 2 cents per share, which was exercised (and dumped during the hype) in June. They are then issued an additional 5M shares and 3.5M at 3 cents per share. >>
Those shares were never, ever sold on the open market. Elk International has never sold a share it has accumulated. Never. Any concerns or questions about this should be directed to:
Daniel Dror, (281) 331-3764
Jeff Bugenhagen, (713) 659-6551 at BDO Seidman, or EDII company lawyer:
Tom Pritchard, (713) 209-2911
Five million shares were bought at .03 by Elk, and represented a large majority of Christensen's EDII holdings.
<< Is this some kind of last ditch attempt to create demand prior to a reverse? Do those authorized preferred shares set the stage? >>
Those shares were applied for, and not used for future negotiations during acquisitions. Sometimes they are issued as incentive for owners of the companies to close the deals. Any questions on this should referred to the people answering the above phone numbers.
LQQX |
