Jim ... here is the letter, which I scanned and OCRed into text that was sent to CBQ. Please note: this attorney did not get the date of the Special meeting right. It was today, not September 29, 1999. Also, these guys have apparently sold all their stock and now short approximately 240,000 shares as of 4-29-1999. Not to mention, they do not want a new board either. However, even though they do not own any stock, they want to affect the operation of company, I guess. Maybe a tactic to make Mark issue shares to them. CBQ can't just issue shares to anyone.
JAMES L. BINGHAM
ATTORNEY AT LAW
1777 South Harrison Street. Suite 2100
Denver, Colorado, 80210
303-623-6569
FAX: 303-282-7728
April 29, 1999
VIA FEDERAL, ~ EXPRESS
Mr. Michael Sheriff, CEO
Cyberquest, Inc.
4851 Keller Springs Road, Suite 213
Dallas, TX 75248
Re: Mel Kupetz/Cyberquest, Inc.
Our Client No.: 2127-107
Dear Mr. Sheriff:
My name is James Bingham, and I represent Mel Kupetz and Richard Steinberg with respect to a dispute between my clients and Mr. Mark Pierce regarding delivery of 240,000 shares of common stock in Cyberquest. Enclosed are copies of a letter recently mailed to Mr. Pierce regarding said dispute for distribution to the Board. Also, please note that a duplicate package has been sent to you via Federal Express in the event that one package is not delivered in time for the meeting.
Please note that my clients are beneficial owners of Cyberquest stock, and they
have not had adequate notice of the special meeting called for September 30, 1999. In light of the present dispute, I strongly urge the Board to take no further action regarding officers, directors, issuance of stock, or any other matter requiting a vote until this dispute can be resolved.
Thank you in advance for your cooperation in this matter.
Sincerely,
James L. Bingham
cc: MKupetz
RSteinberg
Unbelieveable... CBQ notified the shareholders through the DTC and 10 days is all that is required for an emergency shareholder meeting. By the way the package made it in time but no one showed up to the shareholder meeting from this scenario.
Wonder why these guys are addressing this to CBQI? CBQI did not sell their shares or sell any shares short! CBQI is baffled, as what the underlying reason is for bringing this issue to them. Mark Pierce is not a director or holds any position with the company. He is a shareholder just like them.
Oh well more to come.
:-)
GB |
