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Non-Tech : LVEN:NASDAQ--Las Vegas Entertainment Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Janice Shell who wrote (68)	10/14/1999 5:12:00 PM
From: tonto	Respond to of 228

Which cash instrument will they use? Or will the conditions not be met? <s> The U.S. Guarantee Corp. has agreed through cash instruments to fund $70 million within 5 business days, $75 million within 30 days, $75 million within 60 days, $80 million within 90 days, and $100 million within 120 days of the first payment. The U.S. Guarantee Corp. funding is conditional upon the following: That all bank guarantees are free and clear of leans, hypothecation, and encumbrances. 2.Cash: Ready money; especially, coin or specie; but also applied to bank notes, drafts, bonds, or any paper easily convertible into money. cash n 1: money in the form of bills or coins 2: prompt payment for goods or services in currency or by check [syn: immediate payment] [ant: credit] v : exchange for cash [syn: cash in]

To: Janice Shell who wrote (68)	10/14/1999 5:19:00 PM
From: Fred Mussler	Respond to of 228

Why don't you - for someone who does not have a position in this stock you are certainly passionate. Why don't you call Jay Goldberg 1-800-262-2331 and at least give him a chance to explain whats going on. We all know spelling "lien" incorrectly in a PR release isn't good - and neither is a a guarantee from Indonesia- But then again this is Vegas and Jay will talk to us if we call him. Stranger things------. Anyway give it a rest or go somewhere else where you probably won't have a stake in whats happening either. Good trading Fred

To: Janice Shell who wrote (68)	10/14/1999 6:54:00 PM
From: Q.	Read Replies (2) \| Respond to of 228

re. <<The guarantees are enforceable under the laws of the United States of America, are freely assignable without notification and without conditions, and that the instruments are backed by clean US funds clear of any criminal origin>> I've struggled to figure this out, and I just can't come up with anything. I'm beginning to wonder if it is a bunch of gibberish that really doesn't mean much at all. The last of the three phrases is especially confusing. It is a kind of dangling grammatical monstrosity that has no obvious relation to the first two phrases. What exactly is meant by "US funds"? Who is it that "backs" them? Which items are supposedly "clear of criminal origin"? Do they mean the US funds, the guarantees, or something else? What would qualify as a criminal origin, anyway? Would something possessed by a convicted felon, for example, be considered to have a criminal origin? Finally, does it say anywhere that these "guarantees" are registered with the Securities Exchange Commission? If these securities are freely tradeable in the U.S., as suggested by the wording "freely assignable", then they should be registered. But if they aren't registered, then there is a greater risk that they are fraudulent.

To: Janice Shell who wrote (68)	10/14/1999 8:00:00 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 228

Here is a bit more detail on the US Guarantee arrangement from the recent SC14D1 filing: Exhibit B U.S. GUARANTEE CORP. July 28, 1999 Via facsimile:702-240-4345 Dr. Fred Cruz Countryland Wellness Internet Network Trust 2205 Purple Majesty Court Las Vegas, Nevada 891 17-2747 Re: Funding Dear Dr. Cruz: The following are terms, conditions, and procedures by which we can complete this transaction with your assistance: Face amount: $100 million USD (one hundred million USD) ($400 million USD in aggregate total) Maturity date: March 2000 (approximately) Kind of bank instrument: Four bank guarantees Bank: B.N.I. Bank Indonesia Conditional upon the establishment to the satisfaction of our designated bank that the instruments are: Free and clear of liens, hypothecation, and encumbrances. Enforceable under the laws of the United States of America. Instruments collectible end payable at the counters of the B.N.I. Bank in New York, NY, USA. B.N.I. Bank, New York, NY, USA will accept instruments at maturity with full bank responsibility (as per s.w.i.f.t.). Freely assignable without notification and without conditions. Instruments backed by clean US funds clear of any criminal origin. Terms of Transfer of Instruments: Instruments shall be transferred to US Guarantee Corporation or its designee through an assignment of ownership that is recognized by issuing bank (B.N.I. Bank) and acceptable to the paying bank. USGC shall guarantee through cash instruments or something acceptable to Dr. Cruz, the additional payments of $330 million over the scheduled term. Payments to Dr. Cruz: Total of payments will be $400,000,000.00 USD (four hundred million USD). Payments are to be as follows: $70,000,000.00 USD (seventy million USD) to be paid to Cruz within 5 business days of the delivery of the instruments by corporate invoice, in the prescribed form and condition. $75,000,000.00 USD (seventy-five million USD) to be paid within 30 days of first payment. $75,000,000.00 USD (seventy-five million USD to be paid within 60 days of first payment. $80,000,000.00 USD (eighty million USD) to be paid within 90 days of the first payment. $100,000,000.00 USD (one hundred million USD) to be paid within 120 of the first payment. If this is acceptable, we will provide you with SWIFT instructions. You may S.W.I.F.T. to the following account subject to our right to designate another bank after we formally document this proposal. Acct. Name: US Guarantee Corp. Bank: Western Security Bank ABA #: 122105184 Acct. #: 6355101027 SWIFT # West Sec Scotts Acct. Officer: Kate Shumate Phone #: 480-947-9888 Address: 7401 E. Camelback Rd. Scottsdale, AZ 85251 Fax #: 480-990-0443 Best regards, /S/ Alvin A. Tang Alvin A. Tang Chief Operating Officer I hereby accept the terms and conditions of this agreement. /S/ Fred Cruz 7-28-99 Dr. Fred Cruz Date freeedgar.com