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To: Rajiv who wrote (10195)	5/30/2000 1:33:00 PM
From: dkgross	Read Replies (2) \| Respond to of 18222

how about cutting and pasting the pertinent info here for us? thanks..... dg

To: Rajiv who wrote (10195)	5/30/2000 1:35:00 PM
From: scoobypax	Read Replies (3) \| Respond to of 18222

Interesting.. Bad news though, in my opinion of course. More of the same old stuff from Hughes et al.. A few interesting exerpts: "The current funds available to the Company, and any revenue generated by operations, will not be adequate for it to be competitive in the areas in which it intends to operate, and may not be adequate for the Registrant to survive." "Conflicts of Interest. The officers and directors have other interests to which they devote time, either individually or through partnerships and corporations in which they have an interest, hold an office, or serve on boards of directors. Each will continue to devote such time to the business of the Company, notwithstanding other obligations, that may reduce the time they can devote to the business of the Company. As a result, certain conflicts of interest may exist between the Company and its officers and/or directors, which may not be susceptible to resolution." "Accordingly, the termination of this individual, for reasons other than good cause, may potentially expose the Company to incur a liability of approximately $1,260,000 for the remaining portion of unpaid salary for the first, second, third, and fourth years of this agreement. Furthermore, the termination may have accelerated the vesting of the granted stock options and warrants consisting of 1,000,000 warrants exercisable at $1.00 per share, 6,000,000 stock options exercisable at $0.40 per share, and 1,500,000 stock options exercisable at the lowest average daily trading price of the Company's common stock within the first 90 days of the executive's employment. The Company's management believes that the termination of this individual was in good cause and intends to defend itself in this matter vigorously." "The Registrant, and Electronic Transactions & Technologies (a privately held corporation majorty owned by Thomas Hughes, President of the Registrant) and Mr. Hughes entered into a Promissory Note, dated December 1, 1999 (see Exhibit 10.19 to this Form 10-QSB), to reflect the principal sum of approximately $2,900,000 owed by ET&T and Mr. Hughes to the Registrant for various sums paid by the Registrant to ET&T. During the first quarter of 2000, the Registrant advanced approximately $1,000,000 to ET&T. " Etc etc etc etc.. I tell you folks, there are too many damn clues for me to quote all of them.. No need reply if you're going to label me a basher and get nasty.. otay?