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Technology Stocks : Molten Metal Technology -- Ignore unavailable to you. Want to Upgrade?

To: Liatris Spicata who wrote (332)	11/12/1997 9:59:00 AM
From: Eric L	Respond to of 421

Since the Directors and executive officers hold 31% (7,357,747) of the outstanding shares of Common Stock it probably doesn't matter how we vote. The matter will be voted on December 3. The proposal to issue 20% or more the Common Stock relates of course to the $20.4 million financing obtained on September 8 whereby the Company sold 800 shares of it's Series A Convertible Participating Preferrred Stock. Appears ole 49r has been calling this one correctly since September. I suspect that the arrival of these proxies dated October 31, which probably started being received last week (got mine yesterday) probably have more to do with the recent decline than the House Hearings. Will this DOG ever hunt? - Eric -

To: Liatris Spicata who wrote (332)	11/12/1997 9:59:00 AM
From: IngotWeTrust	Read Replies (2) \| Respond to of 421

Suggest this thread go back and read the Barron's Reg S post posted here earlier ( exchange2000.com ). It isn't a matter of choice, but a crush of demands for converting Reg S debentures to common stock that is necessitating this proxy solicitation. Guess what's probably next???? Their quick fix to quick and dirty financing hasn't "worked" like they were told it would, and the demands for common no exceeds authorized shares available. Under Sec. Regs they have no choice but to solicit for shareholder support. I can't believe this is a popular vote either! No wonder this puppy has sunk to lows never before seen and likely not to recover from anytime soon... How very sad for this company, their technology, and existing shareholders.