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Microcap & Penny Stocks : Amplidyne, AMPD -- Ignore unavailable to you. Want to Upgrade?

To: A@P Trader who wrote (323)	9/13/1999 6:44:00 PM
From: Sir Auric Goldfinger	Read Replies (1) \| Respond to of 538

We must contact this fellow, he will be a good witness: William Suter, an electrical engineer, was in charge of designing and developing Amplidyne's products when it raised $6.78 million in its 1997 initial public offering. He quit 10 months later. 'They got quite a bit of money in the IPO and just frittered it away,' said Suter in an interview. Suter said Amplidyne's prospectus falsely claimed the company's computers were connected on a network. Bains didn't challenge that. 'I think we intended to' connect them, he said. 'If it got put in the prospectus and we didn't do it, I apologize.'