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Gold/Mining/Energy : Markatech - MKD (VSE) -- Ignore unavailable to you. Want to Upgrade?

To: Luisa G. who wrote (393)	7/29/1999 1:54:00 PM
From: Ted Kosokowsky	Respond to of 416

I'm sure everyone received their notice of the special shareholder meeting. Some of you may also have received an email from Tim Pragnall urging you to vote against it. I have prepared this in response. Tim, you say you feel betrayed by Doug McLean, and that therefore you want everyone to join in your cause to kill the company and "stop" him. First, I am as pissed off as anyone about Doug's failure to close the deal on the compact disk manufacturing company. I am all the more embarassed because I brought my family and friends into the stock as well. I was sold on the company because it seemed like a good deal and it was evident that it was in Doug's best interest to see that it went through. Doug's only payoff in was selling his 25% of the stock at a higher value after the deal was completed. When the deal went down the tubes we all lost money, but Doug lost his source of income. I personally don't care about poor Doug, but I thought he had enough at stake to make sure it happened. Now, the way look at it, I can stop Doug (and I have enough shares to make a difference), or I can let him try to create some value from what is left. If we stop him, all of my and your shares are worthless. Unless of course you (or anyone else) is willing to quit their job, work for nothing, raise financing, and resurrect the old company. No matter, I'm sure it would consolidate anyway. Instead, we let Doug continue. At least he has been able to raise some money to get this far. He will consolidate the shares, find a company who wants to buy the shell that is left, and bring it to trade on the OTC BB. Like most other small companies, it will open at probably 50 cents US. Or 75 cents Canadian. That is the equivalent of 6.25 cents a share, or half of what its average was at the time it stopped trading. Even if you don't wait for the eventual runup in share price, at least you make some money back from an investment you almost wrote off. Looking at the way "company.com" has taken off, maybe it will still give a good return. The part that will appeal to you Tim, is that Doug is still stopped. His shares are rolled back as well. The company that buys the shell will have control, not Doug. He will not be in the management team, he won't even be a director. So I don't think it is anyone's best interests to vote against Doug. It is cutting off your nose to spite your face. Ted PS. Increasing the authorized shares to 100,000,000 restores the previous authorized shares after the consolidation. It is a standard practice in consolidations.

To: Luisa G. who wrote (393)	8/5/1999
From: Ted Kosokowsky	Respond to of 416

Well, the time is getting closer to the special meeting and it seems there are some anxious people out there. Doug among them. There has been some hints that Doug has found some interested parties with quite a large project they want a shell for. It seems that with the large rollback, and with Doug having so many of the shares, this is seen as a tight shell. The project I heard about could be in the 1 to 3 million dollar range. That would mean an initial trading price in the $1-$3 dollar per share range, not the 50 cents I suggested earlier. The plot is thickening, with some promise of an upside as a result of this reorganization. I just hope that more people vote in support this proposal than those that vote out of spite. The fat lady hasn't sung yet. Ted