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Non-Tech : Ashton Technology (ASTN) -- Ignore unavailable to you. Want to Upgrade?


To: mmmary who wrote (4198)9/6/2001 9:30:22 AM
From: StockDung  Respond to of 4443
 
Internet Law Library Shareholders Sue Southridge and Others


HOUSTON--(BUSINESS WIRE)--Sept. 6, 2001--Internet Law Library Inc. (OTCBB:ELAW)(http://www.interlawlibrary.com), announced today that 26 of its shareholders have filed suit against Southridge Capital Management LLC, Stephen Hicks, Daniel Pickett, Christy Constabile, Thomson Kernaghan & Co., Ltd., TK Holdings Inc. and Mark Valentine in the United States District Court for the Southern District of Texas, Houston Division, Case No. H-01-2895, alleging damages resulting from violations of SEC Sections 9 and 20, the civil RICO statute, Texas securities laws, Texas Business & Commerce Code, fraud and conspiracy. In addition to compensatory damages, the suit seeks exemplary damages, attorney's fees and costs and lawful interest. A jury trial has been demanded. The shareholders are represented by Houston attorney John M. O'Quinn.

Internet Law Library Inc., owns subsidiaries operating Internet sites that provide subscription access to databases used for tracking pending legislation and for performing legal and medical research. They are: National Law Library (http://www.itislaw.com), GoverNet Affairs (http://www.govaffairs.com), Brief Reporter (http://www.briefreporter.com), Compass Data Systems (http://www.compassdata.com), Venco Compliance Inc., (http://www.itisvenco.com) and ITIS Inc. (http://www.itisinc.com).

Except for the historical information contained in this press release, certain statements in this release are forward-looking statements within the meaning of "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of Internet Law Library Inc. and/or its subsidiary companies to be materially different from those expressed or implied by such forward-looking statements. Such factors include: general economic and business conditions; competition; success of operating initiatives; development of capital and operating costs; market conditions; advertising and promotional efforts; adverse publicity; changes in business strategy or development plans; quality of management and other personnel; and government regulations.

CONTACT:

Internet Law Library Inc., Houston

Investor Relations:

Carol Wilson, 281/600-6000 Ext. 605

KEYWORD: TEXAS

BW2043 SEP 06,2001

4:01 PACIFIC

7:01 EASTERN



To: mmmary who wrote (4198)9/6/2001 2:21:08 PM
From: Edscharp  Read Replies (1) | Respond to of 4443
 
Mary, if you don't mind maybe you can respond to the same question.

My experience with stocks that have been delisted is that they do indeed decline in value. Will you be shorting ASTN stock in anticipation of this event?.You have posted quite a few negative sentiments concerning ASTN and if you have complete confidence in your opinions then shorting the stock at this point would, it would seem to me, be the closest thing you could get to a sure thing.

I already know that if ASTN is delisted later and the stock price plummets that Auric will claim that he was short all along. I was hoping you might rise to a slightly higher plane than Auric and tell us all in advance whether or not you are shorting the stock.

Regards, Edscharp