To: Suzanne Newsome who wrote (33550 ) 8/16/1999 9:14:00 AM From: Zeev Hed Respond to
Suzanne, I do no have much time this morning, so just a short response, as for what Henry told you, was he always accurate in the past? (remember PR's are written by him and it was him writing to expect conversion at $3 to be as possible as at under $.10). I am sure their are countless other examples when he misled you, for instance as to the start of the Signature deal, or even the way the 4 MM shares in the settlement seems not to add to the float, but when you read this accurately (as I have shown to you in a PM, in response to you public branding me as a liar, but you decided to sit on it instead of sharing this analysis with you friends), you see that all it says is that at the time of returning these 4 MM shares, there was no increases in share count, leaving the door open for these four millions shares to be "returned" to Gordon at a latter date, unless of course a clear statement would come from the company that this share return is permanent, and Gordon will never see the same shares, or equivalent ones. What could more likely happen, is that Gordon will put a value on these shares, let say, a liability of $600,000 from the company to him (shares at $.15/share, is that why the "debt to shareholder has gone up by about $500,000?) and then convert this liability to shares at let say $.03/share, getting back for his 4 MM shares so generously "gifted" 20 MM shares. Just watch it, it has happened in the past, it will happen again.
