To: michael d kugler who wrote (18224 ) 11/15/1997 8:01:00 AM From: Ellen Respond to of 55532
From: michael d kugler Saturday, Nov 15 1997 1:05AM EST Reply #18224 of 18413 I want Riley to explain to all of you why these shares are never discussed. That's all. Morgan & Breton's 2,000,000 S-8s CEA's 43,000 Horizon's 58,333 Erkhin's 3,333 (too bad, Roland..) Koko's $200,000 in cash or stock Nelson's $741,000 to $1,500,000 of cash or stock H&D's $250,000 in cash or stock A domestic, offshore Reg-S of 436,666 Stock sold by Scott Mayer (looks like 50,000 shares) Don't forget the value of non-affiliates shares on 2-1-97 was $1,600,492 divided by the closing price of $1.75=914567 shares despite the statement that 54,408 shares were held by non-affiliates on 2-28. Add 'em up! Still sure you can spot a squeeze here? And there's more coming after the deal is consummated. Who's kidding who? This is what I've come up with so far as candidates. Any comments? --------------------------------------- 1. Are these pre-split #'s? 2. How do you reconcile "Morgan & Breton's 2,000,000 S-8s " with the fact that they say they only own 300,000? 3. How many of these acquisitions and which ones have since been written off? 4. Cite which filing or other documentation for "A domestic, offshore Reg-S of 436,666 ". 5. Cite documentation for "Stock sold by Scott Mayer (looks like 50,000 shares) ". 6. So which is it - cash or stock - for these? "Koko's $200,000 in cash or stock - Nelson's $741,000 to $1,500,000 of cash or stock - H&D's $250,000 in cash or stock " 7. So how did you arrive at the dollar figure below? Provide documentation that the # of non-affiliate shares is not 54,408. Cite the filing: "Don't forget the value of non-affiliates shares on 2-1-97 was $1,600,492 divided by the closing price of $1.75=914567 shares despite the statement that 54,408 shares were held by non-affiliates on 2-28. "8. How do you reconcile anything you posted with the fact that there are RIGHT NOW 3,371,081 TOTAL outstanding shares? blowing smoke