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Microcap & Penny Stocks : QDRX -- Ignore unavailable to you. Want to Upgrade?

To: Steve Casey who wrote (3933)	9/23/1999 11:57:00 AM
From: Terry D.	Respond to of 3977

Received my packet yesterday. Poor Joe, he had to take a salary cut to $194,000 a year plus little extras. the projections looked like this one will go down the tubes too. I'd look for a spike when the new shares are distributed and the money people start hyping. Terry

To: Steve Casey who wrote (3933)	9/25/1999 11:17:00 AM
From: TWigand	Respond to of 3977

Steve, Can't give legal advice, but for myself I'm leaning toward voting against it, even if I/we end up with nothing. The way I read the thing: 1) Palermo makes out ok @ $190,000+ year -- and it is he who misled the shareholders at the last shareholder meeting, made the (at best) ill-advised acquisitions such as Vega, so in this deal he's taken care of himself (as usual) while the stockholders get the shaft; 2) Shareholders get another serious dilution, and end up with stick in a non-public company, i.e., no real market for the shares even if the "new" entity is successful; 3) They sold off for next to nothing the one valuable thing they had (the technology for the thermoplastics)and kept a decrepit old electrical manufacturing facility. Maybe I'm getting paranoid, but the fact that the acquisition came within months of the bankruptcy filing makes me wonder if it wasn't planned with this end result. Maybe I'm missing something, but it all just sounds too suspicious to me. At this point I'd just assume see the whole thing go down rather than take this deal -- maybe I'm being spiteful, but it really sticks in my craw to see Palermo et als. walk away from this smelling like a rose while we get less than cents on the dollar. If I've missed something in reading the materials or if anyone else has a different opinion please chime in. TW

To: Steve Casey who wrote (3933)	9/29/1999 4:21:00 PM
From: phoenix	Read Replies (1) \| Respond to of 3977

Steve and All, I don't have sufficient legal experience to decipher the documents. However, I can do a little math. We get 1.25M shares out of 25M. Since ODRX had about 44M outstanding, the reverse split is 36:1. Pond will give us $.05 per share. Therefore, our current shares are worth $.05/36 = $.0014. In other words, 7 shares of old QDRX gets you a penny. Victor with sales of $25M and profitable is worth around $.50 per new share. Pond is offering existing shareholders between 10 cents on the current dollar value. Even if you do not sell your shares to Pond and QDRX/Victor prevails, the best case is you get stock worth less than 2 cents a current share. The ballgame is over, the fat lady has sung, the maintenance crew just turned the lights out. Roger