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To: michel lavail who wrote (7834)10/8/1999 8:16:00 AM
From: Mephistopheles  Read Replies (1) | Respond to of 8858
 
"In April of that year, Starnet had issued these
shares, which are separate from the 10 million vend-in shares issue to
Murray Partners BVI, an offshore account owned indirectly by some of
Starnet's officers and directors and their families, according to
regulatory filings."

What a clean and clear organization... for the shareholders! (some of them).



To: michel lavail who wrote (7834)10/8/1999 10:43:00 AM
From: Amit Ghate  Read Replies (1) | Respond to of 8858
 
I love the choice of words "dump" and "dumped" rather than "sell" or "sold". Very fitting coming from the ex-chairman.

LOL

Amit

>Mr. White claims that in reality, his shares were not restricted in any
way, and he should have been able to dump them at his sole and unrestricted
discretion. The suit does not mention if the former Starnet chairman
shorted the stock as a hedge to lock in his windfall profits. The suit
claims that because of Levesque's mistaken advice, he was unable to sell
his shares immediately. Mr. White claims he did not sell any of these
shares until Aug. 20 to 25, much later than he would have otherwise done,
had he been correctly advised. The suit does not note if White dumped all
his shares in this period, or if he faced a margin call after the stock
price suddenly collapsed.<