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To: Scott A. Trapp who wrote (387)9/8/1999 11:22:00 AM
From: Scott A. Trapp  Read Replies (1) | Respond to of 418
 
Hey Dwight,
Can you believe all of the BS going on with this stock today especially over on RB. I sold some of mine will get back in when the hypesters leave. Amazing all of the new profiles on RB. I hope no one gets into this stock without thoroughly checking out the situation.
Scott



To: Scott A. Trapp who wrote (387)9/8/1999 2:25:00 PM
From: dwight vickers  Read Replies (1) | Respond to of 418
 
Basically correct on the history except that Mr. Lockton had a lot to do with the demise forced on him by TCI in 1995.

(Sorry Dave, I still like you)

He was a bit intransigent, shall we say?

Couldn't do it on his own, and wouldn't give up what he would have had to. Throw in a little of the marketplace being unready, and an incorrect positioning (ahhhhh, the internet.....), and we're pretty close to a conclusion.

The $5 per share paid by the TCI group in the settlement was a throwaway. Not significant to valueing the company. Not real money at that point.

It was reached as a "split the difference" agreement. TCI wanted it as low as possible, the company as high as possible, to protect the shareholders from massive dilution.

They needed a "number" to accomplish a final settlement of the lawsuit.

It was a "detail" needing to be addresssed.

Anyone saying differently is a prevaricator at best, liar at worst.

Dwight