To: Doug Bean who wrote (4596 ) 6/12/1999 5:40:00 PM From: Kevin Dann Read Replies (1) | Respond to of 4815
#1 beanbrain, I am not Mike Pickens. I have posted for him on this site, but I am not him. #2 I will forward to TBoone Pickens, your posts and see if he wants to pursue it. I do know him, and it is my opinion that you have set yourself up nicely for a lawsuit. #3 This is from RB: By: alsmom Reply To: None Saturday, 12 Jun 1999 at 3:57 PM EDT Post # of 3732 Okay everybody... You asked for it, you got it. Take it or leave it. If you doubt it, call the company and ask for yourself. The following is what I have been sending to people's e-mail requests for info. I emphasize to the board that this information was gathered in the last week of May so it may be stale. If you question its validity, please call the company and post your own version from gathered facts or DD, don't bash. Well here it is...the info I've been sending out: I have not posted this info, because I knew most people would not believe it. That is why I posted the solicitation of e-mail. I figured only the ones that truly wanted to know, or were open-minded enough, would really read it. As for the outstanding shares...They will not reach the proportions implied on the board until another four-six weeks, if you can believe the company. If you will look back (way back), mojojojo was the first to speak with IR after news from the merger. He stated that Jerry Mahoney would have 78% of the outstanding shares. This set off BIG red flags..I knew the only way that could happen would be to issue new shares that would set those ratios accordingly. My computations resulted in a total outstanding shares of around 190 million. I shared this concern with mojojojo via private e-mails. I called the company myself and spoke with Joel Beagelman the following day. He verified that this was the ultimate plan, however, it would not happen until all the legal paperwork and documentation was complete...he estimated another two months. At this time, CRI would be publicly trading and the IVOC shares would be issued to Jerry. He emphasized that these shares are restricted for at least 18 months (if you believe them). My other concern regarded reverse split. He verified that they WOULD be doing a reverse split, but could not give details. He indicated that the reverse split ratio would be relative to whatever the stock price was at that point in time. The reverse split may happen at the time they issue shares to Jerry or they may wait until the end of the year. Regardless, my speculations (and I emphasize that this is just my own opinion), the minimum reverse split ratio will be 1:4 (you keep one share for each 4) and could be as high as 1:10 (you keep one share for each 10). I don't know what price you bought in at. There should be a PR coming out within a week hopefully. Look for the dips, stock up, and sell enough to cash out your capital investment. hold the remaining shares as freebies if you still believe in this company. I have been doing DD all week on this company, because I had a LOT of concerns after they e-mailed my raging bull address. I had never sent them e-mail from my raging bull address, they read the board and found me. They wanted me to post propoganda, and use me as a "voice" for the company. I did not. I do not feel comfortable posting bad info to the board because most people are into hype instead of truth. I only share DD now with those requesting it. (PS. The shares i currently own are free.) Please feel free to e-mail me any questions you may have. Good luck.