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Non-Tech : Havana Republic (HVAR)

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To: Laz who wrote (443)	2/20/1999 3:36:00 AM
From: PAUL MARTIN	of 686

From the 10 Q: "In April of 1996, the Company entered into an agreement with Tabanica, the 50% owned factory, for future purchases of premium cigars and has paid $617,000. The Company anticipated receiving the premium cigars in monthly shipments of 50,000 commencing in January 1998. As of September 30, 1998, the Company has not received many of these cigars. The company anticipates that shipments of cigars from Tabanica will commence in full in March, 1999. The Company's future commitment of capital resources to the distribution of its brand name cigars will be largely dependent upon market acceptance of these cigars." Allow me to re-think this sentence for you!!! Perhaps "market acceptance of these cigars" will be "largely dependent" upon the "future commitment of capital resources to the distribution of it's brand name cigars." Take some responsibility boys and girls. Every time I have called the company I have been told that cigars from Tabanica are "almost on their way." And now you tell us that you will spend money to develop the brand if the market likes them? Or maybe one of us has a fundamentally inadequate grasp/command of the English language??? Feel free to help me out!!! P.M.

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