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To: John F. Poteraske who wrote (622)10/25/1997 7:13:00 PM
From: beio  Read Replies (3) | Respond to of 897
 
John or anyone,

I was a subscriber a long time ago and again renewed. I do not have my old copys around 90-91 and was wondering if anyone has them for a little research question concerning Helm Resources.

Since Nov.'91 did they do a 15 for 1 reverse split? After selling and delivering the certs last week my broker says that when the certs got to NY. they said the split was done but I don't recall.

If anyone follows HHH please respond or E-mail me.

Thanks
Jack



To: John F. Poteraske who wrote (622)10/29/1997 4:39:00 PM
From: Bucky Katt  Read Replies (1) | Respond to of 897
 
JFP-Here is the nail in the cusa ne zegg coffin. As I said, I felt this was a set-up from the start.>>>PACOIMA, Calif.--Oct. 29, 1997--Zegarelli Group International Inc.
(Nasdaq:ZEGG) reported a net loss of $1,858,000 or 34 cents per share, for the third quarter of
1997 and a net loss of $2,867,000, or 54 cents per share, for the nine months then ended.

For the same periods last year, the company reported net income of $26,000, or 1 cent per share,
for the third quarter of 1996 and net income of $189,000, or 4 cents per share, for the nine
months ended Sept. 30, 1996.

As a result of the sale of the company's contract packaging business in September 1997, those
operations are being reported as discontinued operations and the operations of the professional
hair care line represent continuing operations.

Eric Nickerson, recently appointed chairman and chief executive officer, stated that ''The
significant operating loss of the contract packaging business for the last three months of its
operations together with continued losses of the hair care line to Sept. 30, 1997 required the
company to reevaluate its financial position and operations.''
This next part is great>>>
Nickerson added that ''The current sales level of the Zegarelli hair care line is not sufficient to
cover related costs and expenses and meet its obligations to vendors and other creditors. In order
for the company to continue operations and regain shareholder confidence, a program of
substantially reduced expenses has begun. The company is also considering selling the hair care
line.''