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Non-Tech : MILLIONAIRE. COM........( MLRE )
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To: CoffeePot who wrote (852)1/4/1999 12:55:00 AM
From: netzon  Read Replies (1) of 2664
 
I see these various messages that White has a great reputation and he very well may have a wonderful reputation. I don't know the man. But my question is why is he hooked up with Samblis. How did they meet and what is their relationship? Why was this thing thrown together through a Nevada shell corporation? Why all the hyping? What has White been doing since he sold the Robb Report and where has his business been located.
The fact is that they way this operation was put together and the way it has been promoted are enough to at least warrant some investigation by a prudent investor. Most of what has been put forth by the MLRE fans is just a rehashing of the MLRE press releases. Take for example the press release stating "advertising revenues at Millionaire Magazine doubled" From what, $1.00 to $2.00, $50,000 to $100,000? These types of promotional statements with no facts behind them are irresponsible to say the least.

I have three questions to put forth to the MLRE fans:

1 Please give us a history of Mr. White's business activities for the last 15 years since he sold the Robb Report (and don't just tell us he was in the auction business) Tell us where and with whom he did business.
2. Please explain the business relationship between Samblis and White and how it started. Also, is there any relationship between Samblis and the purchase of the Nevada shell corporation?
3. Please explain the financial details of the purchase of the New Orleans auction business. What is the structure of the $7.2 million purchase and where did any cash come from. Also, where did the $4.5 financing come from and what are the exact terms of the deal. Don't just parrot the press releases but instead give us some factual details.
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