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To: blebovits who wrote (413)	12/4/2000 1:05:45 PM
From: StockDung	Read Replies (1) \| Respond to of 447

Hey Ben, your looking like a turd today. SCII down another 50%. How dare you desecrate theTruthseekers Fine Forensic Research which called SCII to a T. They are building a special circle in Hades for your kind. SCII: “You’ll Have to Talk to my Wife about that” Message 14416568 Sensar Says Nasdaq May Not List Stock After Merger Salt Lake City, Nov. 22 (Bloomberg) -- Sensar Corp., a former maker of measuring instrumentation equipment, said the Nasdaq Stock Market may not list its shares after a merger with Israel's Net2Wireless Inc. because of concerns about people involved. Shares of Salt Lake City-based Sensar fell 72 cents, or 15 percent, to $3.97 in Nasdaq Stock Market trading. They have lost 95 percent of their value since touching a 52-week closing high of $79.69 in March. Nasdaq officials informally advised that it may not approve Sensar's continued listing because of concerns about ``individuals associated with certain shareholders who had been subject to previous securities-related proceedings,'' Sensar said in a statement. Sensar Chairman and Chief Executive Howard Landa said the problem concerns shareholders of closely held Net2Wireless and doesn't involve Net2Wireless founder and principal shareholder Nechemia Davidson or the company's operating personnel. Nasdaq spokesman Mark Gundersen declined to provide details. Sensar plans to merge with Rosh Ha'ayin, Israel-based Net2Wireless following a transaction in which Net2Wireless shareholders will receive about 18.3 million newly issued Sensar shares, a majority stake. Net2Wireless's directors and management will become Sensar's directors and management, according to a filing with the U.S. Securities and Exchange Commission. Formerly known as Larson-Davis Inc., Sensar's assets now consist primarily of cash, cash-equivalent and short-term notes receivable. It hasn't had sales since 1997. Net2Wireless, a developer of products for wireless Internet connections, also generates no revenue. Landa said Sensar is working to address Nasdaq's concerns and complete the transaction. When completed, the combined company's name will be Jagami Corp. Nov/22/2000 16:13 ET For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P.

To: blebovits who wrote (413)	12/4/2000 2:58:31 PM
From: StockDung	Read Replies (1) \| Respond to of 447

Sensar Announces Nasdaq Update Monday December 4, 8:07 am Eastern Time Press Release SOURCE: Sensar Corporation Sensar Announces Nasdaq Update SALT LAKE CITY, Dec. 4 /PRNewswire/ -- Sensar Corporation (Nasdaq: SCII - news) announced today that representatives of both Sensar and Net2Wireless met with the staff of Nasdaq in Washington D.C. in an attempt to resolve the concerns of Nasdaq outlined in a prior press release dated November 22, 2000. A variety of potential proposals were presented to Nasdaq both at the meeting and subsequently. After close of market on Friday December 1, Nasdaq informed the Company that none of the proposed resolutions would be acceptable. Consequently, Nasdaq has informed the Company that if the proposed merger with Net2Wireless proceeds it will deny the new listing application and immediately bring delisting proceedings. If Nasdaq does bring delisting proceedings, the Company intends to seek a hearing and to reintroduce its proposals to the hearing panel. However if the Company is unsuccessful, there may not be a public trading market available for the stock of the combined company subsequent to the merger, other than potentially the ``pink sheets.'' This press release discloses a new development with respect to the proposed merger between Sensar Corporation and Net2Wireless. This press release is not, and is not intended to be a proxy solicitation. Furthermore, this press release is not, and is not intended to be, an offer of any securities for sale. For a discussion of the contingencies and uncertainties relating to the merger of Sensar Corporation and Net2Wireless to which some of the information concerning future events is subject, please refer to Sensar's report on Form 10-K for December 31, 2000, and its current filing on Form S-4. Sensar and Net2Wireless have mailed a Proxy Statement/Prospectus to stockholders of Sensar and Net2Wireless containing information about the merger. Investors are urged to read the registration statement on Form S-4 and all subsequent amendments or other filings by Sensar Corporation and the Proxy Statement/Prospectus because they contain important information about Sensar, Net2Wireless and the merger. These documents can be obtained for free at the Commissions web site at sec.gov or by requesting a copy from Sensar Corporation, 50 West Broadway, Suite 501, Salt Lake City, Utah 84101. SOURCE: Sensar Corporation biz.yahoo.com

To: blebovits who wrote (413)	12/4/2000 3:06:42 PM
From: StockDung	Read Replies (2) \| Respond to of 447

Alrov group sues David Rubner, Net2Wireless: demanding return of $5 mln investment new.globes.co.il Avishai Ovadya and Yitzhak Danon 04.12.2000 17:28 The Alrov group, controlled by Alfred Akirov, today filed in the Tel Aviv District Court a $21.7 million suit against David Rubner and Net2Wireless, which develops compression technology for the transmission of multi-media content on cellular networks. Alrov lost 90% of its investment in Net2Wireless. Alrov claims that its $5 million investment in Net2Wireless last March was based on false representations by Net2Wireless chairman David Rubner. Alrov claims that Rubner concealed essential facts from it during the representation which claimed that the investment in the company was a one-time opportunity. Unitl a year ago, Rubner served as ECI Telecom CEO and president. Net2Wireless was scheduled to merge with Sensar (SCII), a Wall Street-listed stock exchange shell company. But Nasdaq has not approved the merger, expressing concern about the merged company’s method of share listing, and about the fact that the shareholders had been previously involved in legal proceedings regarding their activities in the capital market. The reference was apparently to the initiators of the Sensar-Net2Wireless merger, David Bodner and Murray Haberfeld, whose activities were exposed in a Barron's article some six months ago, according to which the two men have a dubious record in the US capital market. They acted as matchmakers between Net2Wireless founder Nehemia Davidson and the owners of the Sensar stock market shell, after themselves investing in Net2Wireless at attractive prices. As a result, Sensar’s shares soared from $1 at the end of 1999 to $90 in March. However, the cancellation of an investment by Nextel and the merger problems caused Sensar stock to plummet. During this period, Net2Wireless held a $29 million private placement, the investors in which included Alrov, which is now filing suit. Alrov’s suit claims that its March agreement with Net2Wireless should be annulled because the company and Rubner misled it. Alrov claims that in order to convince it to invest in the company, Rubner exploited his reputation as a leading force in Israeli high-tech, using false representations and concealing facts. Alrov also charges that on March 22, it transferred $5 million to the company, in exchange for less than 1% of the equity at a price of $27 per share. It became clear in retrospect that several weeks prior to the Alrov investment, several share allocation deal had been made with various groups at less than $1 per share. In addition, prior to the completion of Alrov’s investment Net2Wireless gave millions of options to various groups at a exercise price of only $1.86, including Rubner himself. He received 1,074,074 options in Net2Wireless at an exercise price reflecting a $20 million profit, taking into consideration Alrov’s investment in the company at $27 a share. Published by Israel's Business Arena on 4 December 2000

To: blebovits who wrote (413)	12/4/2000 5:21:22 PM
From: StockDung	Read Replies (1) \| Respond to of 447

Sensar continues to tumble By Michael Baron CBS MarketWatch Last Update: 3:08 PM ET Dec 4, 2000: NewsWatch Indications ADR Report Monday, December 04, 2000 -- 12/4/2000 3:08:00 PM Sensar continues to tumble Sensar (scii: news, chart) tumbling $1.50, or 46 percent, to $1.75 on volume that is roughly double the daily average. Earlier in the session, the stock hit a new 52-week low of $1.50, compared with a 52-week high of $89.88. Since the Nov. 8 close, SCII has tumbled 88 percent. On Nov. 9, the company had said its merger partner, Net2Wireless, and Nextel Communications' (nxtl: news, chart) Nextel Finance Co. have agreed to terminate a stock purchase agreement. aolpf.marketwatch.com