To: bigbuk who wrote (53 ) 7/8/1999 11:23:00 AM From: Zorba1 Respond to of 124
Looking great and stable bigbuk. Lots to come in near term I believe. Just read this from the SC13-D filled with the SEC. Particularily take note of the group of private individuals filing this. Private investors. This has merger/hostile takeover/buyout writen all over it. You can read the full text by going to the address below. then click on "Body: ( Entire Filing )" which is located in left column under TABLE OF CONTENTS...enjoy...under link below I have copied the interesting part of the SEC filing...regards, Zorbafreeedgar.com Item 4. Purpose of Transaction Each of the individuals acquired the Common Stock beneficially owned by them in the ordinary course of their investing activities. Depending upon market conditions and other factors that these individuals may deem material, each of the individuals may purchase additional shares of Common Stock or related securities or may dispose of all or a portion of the Common Stock or related securities that they now beneficially own or may hereafter acquire in open market or privately negotiated transactions or otherwise. In addition, although each of the individuals originally purchased the Common Stock owned by them for investment purposes, they are now considering ways to increase shareholders' value in the Issuer. Such actions could include potential changes in the operations and/or capital structure of the Issuer, including but not limited to, aggressive action to collect all amounts owed to it by other parties including amounts owed from affiliated entities; actions to limit conflicts of interest between the directors of the Company and entities or individuals with which they are otherwise affiliated or associated; entry into a joint venture or a strategic partnership; proposing that management pursue an extraordinary corporate transaction, such as a merger, reorganization, liquidation or change in control of the Issuer; encouraging, participating or leading a proxy contest to change the Company's directors and/or encouraging or participating in or making a tender offer to acquire control of the Company. Although none of these individuals, currently has any definitive plans or proposals which relate to or would result in any of the actions set forth in subparagraphs (a) through (j) of Item 4, it should be noted that any of the actions described above could relate to or result in actions set forth in subparagraphs (a) through (j) of Item 4. These individuals are at the present time and may in the future discuss such possibilities with others, including, without limitation, other shareholders of the Issuer. Item 5. Interest in Securities of the Issuer (a) Stanley Knowlton beneficially owns 559,000 shares of Common Stock constituting 1.7% of the outstanding shares of Common Stock. Ross L. Campbell beneficially owns 959,150 shares of Common Stock constituting 2.9% of the outstanding shares of Common Stock. Michael A. Feinstein beneficially owns 518,500 shares of Common Stock constituting 1.5% of the outstanding shares of Common Stock. Michael Voticky beneficially owns 1,000 shares of Common Stock constituting .003% of the outstanding shares of Common Stock. Daniel Benasutti beneficially owns 537,000 shares of Common Stock constituting 1.6% of the outstanding shares of Common Stock. Joseph Falcone beneficially owns 130,000 shares of Common Stock constituting .39% of the outstanding shares of Common Stock. All of the natural persons listed above, together in the aggregate, constituting a group for purposes of this statement filed on Schedule 13D, beneficially own 2,704,650 shares of Common Stock constituting 8.1% of the outstanding shares of Common Stock. (b) Each natural person listed under paragraph (a) of Item 5 above has the power to vote or direct the vote of, and to dispose or direct the disposition of, the Common Stock beneficially owned by them as is listed by their name above.