To: Tom Hua who wrote (9 ) 11/22/1997 1:15:00 AM From: Thu Ra Tin Read Replies (2) | Respond to of 264
Here is a post I found on Cyberwhisper regarding MISM by its CEO. It looks like the management is pretty active with participations in discussions and is looking out for its shareholders. How often do you see the management coming over to the message boards to answer questions? Posted by Dan Masters, MISM CEO on November 21, 1997 at 20:16:15: In Reply to: MISM Questions (see inside) .......... posted by Scavener to Lucky 43 on November 21, 1997 at 18:58:18: Thank you to the party who left me a voice mail this evening asking me to answer Scavenger. We have agreed to a blackout until Jan 1 on our automotive deal. We agreed even though we know that publishing the name and the details of the deal will be positive. The other party is a large company with numerous retail divisions. There are lots of multi concept companies out there. If you do some research you will find them. They do not want any publicity that they are spinning off a division until after Christmas. Makes good business sense. They will give the more than 200 employees eight weeks notice as per the employment agreement at the same time we give them identical job offers. This will prevent any severence owed as we are offering them the same terms of employment. We are not buying the locations, just the assets and customer base. The average age of employment is 8 years, how much notice do you feel is reasonable? Also, we need the next three months to arrange the take over, signs, new equipment, training, etc We have been exhibiting at all recent Toronto franchise shows it is too bad you did not drop by to see us. Obviously we were not one of the franchises you spent time with. Our new franchisee in Newmarket was from a show recently held whereby they had more than 100 franchises to pick from. I have always made time for shareholders if any of you wish to tour our location in Oakville please call me and I will arrange one evening or weekend day Sat or Sun to meet at the location. The more of you the better. This is your company also. If you do choose to shop the store, I am certain you will be well taken care of. I appreciate your comments.