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To: REW who wrote (44102)12/24/2000 1:20:16 AM
From: johngmack  Respond to of 44908
 
<Be thankful Scott Roix didn't discover the truth until he had developed a sense of responsibility for the company and to the shareholders.>

Bob, Rich's posting style may sometimes be bewildering, but he certainly took a leadership role digging into RG's past and providing legitimate details on the share pig's penchant for screwing share holders. Rich deserves credit for his effort. IMO there is no way Scott Roix was oblivious to Gordon's underhanded dealings.

Things seemed so great when we walked out of the March shareholders meeting. By mid-summer, there was no question in my mind about Gordon's intent and the need to remove him from what was left of the business. The removal is complete. I did expect an outside search for a new CEO, but Scott stepped up to the plate, so let's give him a few at bats.

I noticed that Sam has floated up onto the beach again. Maybe this time around Sam will get bored because all the shares are accounted for. Who knows?

Sincere wishes for a wonderful holiday season.

John



To: REW who wrote (44102)12/24/2000 11:16:27 AM
From: Zeev Hed  Read Replies (2) | Respond to of 44908
 
The basic question, with or without Gordon, is this company worth close to $60 MM cap? They have no money as far as I can see, they have debt that may be called before the end of the year and no hope in the next five years of reaching bottom line profits of $6 MM. I still believe that the stock will go to $.10 (or a penny in the old stock). It is a vicious cycle, in order to generate $6 MM in profits, someone will have to finance the "model", that someone will want a big chunk of the company in exchange (if that someone can be found in the current environment), leaving the current holders, once more with 1/10 of the company. The cycle will simply repeat as long as they can create minirallies to sucker more novices (and even current perpetual optimist holders)to exchange good cash for worthless paper.

Zeev