To: Dave Gore who wrote (30341 ) 6/6/1999 11:27:00 PM From: ztect Respond to of 44908
What about this? ***Conference call clarification*** I personally don't think any general perception should be made about a man until you meet him face to face. Yet I'm amazed by those that have appeared to have done so based on only one voice they have heard. My recollections of Gordon's statement concerning the exact terms of the PP were that he didn't have it in front of him , so he couldn't readily refer to its specific terms. He hasn't been reading every day Ken's aka DD's constant biased presentation of these provisions in the sb2. The one statement of his that did raise my eye brow regarding the shorting provision was what would have to be considered disingenuous at best, namely he didn't "think otc-bb stocks could be shorted" but I think he said it to see who would react. Upon this statement, I could not but interject "weren't you a broker". Statements from a man who didn't identify himself with a distinct accent, who I asked is that you Bernie, about how strugling start up companies have to agree to certain terms made me again assert how naive to you think we are.... Clearly the following items can to be determined. 1). Amount of convertible debentures exchanged for conversion shares. (this can occur at any time per pp arrangemnt) 2). Amount of freely tradable shares that should be held in the float. 3). Amount of registared shares and till when are they restricted shares. Though the above terms actually may not have been violated. The whole shorting scenario may be yet another red herring (thus the incredulous claim) along with the notion Gordon dumping his shares or converting his options. Now what really appears to be occurring is the explicit manipulation of share holder interest by asserting any of the above scenarios through the "hired guns" participating on threads. When a stock moves south upon what appears to be good news there appears to be collusion with market makers. When news is known through "inside sources" almost immediately after it has transpired and circulated as either rumor or fact to a targeted few who are deemed most susceptible, in an effort to cause panic that drops the price and many becoming unwilling accomplices. This in conjunction with statements like the price goes down because many couldn't tolerate the risk. Whereas after every pump up and correction down profits are drawn on either the depressive panic or irrational exhuberance. Consequently such euphemisms as tolerance of risk and people are only upset because the price is down in conjunction with things to come promises IMO attempt to, at times, put an happy face on the manipulations occurring behind the scenes. The company definitely is a real company though over ambitious expansion caused delays that required additional draws from the "PP" due to lacking revenues. A lot of money is being made by day traders to date. But the big winner will be the pp holder if he can get the price down by any means necessarily before getting his converted shares Now the pp holder then may continue to keep the price down until the end of his restricted date so he can maintain control over the stocks movement through manipulations of the timing of releasing news and the perception of the news. Now while every one is contemplating all the transgressions of SEC regs, or self fullfilling doom and gloom prosphecies , the stock price will allowed to run one day when the pp has his hand on as may shares as technically legal but moralally reprehensible or he may get screwed if he waits too long. Here's his pay-off..... Conversions amassed equal 95 mil - 20 mil - 20mil estimates based on OS or 40 mil to date. Converted amount is 40 mil "Float" is perceptually 20 mil The float needs to be greater or "actual" since limitations on authorized effect convertible amount Either authorized is raised via proxy BUT do you think the other PP holders of converted shares are going to go for that? Thus a lower price with more shares in the float allows for more shares available to PP holder. Thus there are limited shares for him to get..... Anyway have completely finished thinking this part through....as to how many shares are there remaining for him.... So then lets surmise he get 10 mill shares at conversion avg. of 0.12 1,200,000...... Before I thought he was greedy, now I think Bernie is already deservingly going to be screwed...big time if the price rises. Because he shook and shook but couldn't scare enough shares. Thus the desparation ........... Remember when the biggest bulls turn doom and gloom.... Such manic cycles cycle back up... Though all the people who sold are left holding the bag. While those that have pissed and moaned are appeased when the price rises and proclaim their faith in their investment. Per an audit nothing "technically" was illegal. Building up false expectations and preying upon people's fears doesn't get accounted for by the SEC. But the people most hurt are those that least can afford it....and thus anyone wonder why the honor of Bernie hasn't caused me to be served with a cease and desist order is because maybe the theory this one theory of ztect's that always appears to hold true is that the moment I sell the damn price goes up. Well this time I did not, will not sell a share. Regarding the request of share holders to raise the authorization.... The vote should be a resounding NO.... Any IMO evidence of improprieties should result in the immediate forfeiture of all of holdings of violating parties. Once again ..my 300,000 shares are NOT for sale... This is becoming a real business folks and Gordon ain't fiecking it up... Generate volume...nothing like a little demand.... Again these are only my opinions...everyone should reach their own. Sincerely, ztect Due Diligence means doing due diligence! DDmdDD !!!!!!