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Microcap & Penny Stocks : SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks -- Ignore unavailable to you. Want to Upgrade?

To: michael d kugler who wrote (12478)	12/10/1997 7:58:00 AM
From: telephonics	Read Replies (1) \| Respond to of 13351

Yes and here goes. This information is taken from the Trustee's report of Auction Sale. This document is available at the Clerk's office in the U.S. Federal Bankruptcy Court in Miami Florida. It is available on request. Total Proceeds from Auction were $112,770.90 Sales expenses were $7,999.25 Hard Drive removal and replacement $12,830.96 Rent for Hotel facility foer the auction $813.82 There was an objection to the sale by Brian Jackson. Judge Mark debied the motion and allowed the sale to proceed, IMHO is a reflection of interest by some in the "intellectual property" I've previously referred to. In this regard I wonder where the removed hard discs are and if they've been "read"??? No of registered bidders in attendance 260 Reconciliation Auctioneers fee $112,770x10% = $11,277.09 Advertising expenses $8,897.94 x 89.9%= 7,999.25 Direct Prorated expenses $905.25x89.9% = 813.82 Total Auctioneer's fees and expenses $32,921.12 Net Sales Proceeds $79,849.78 Net Sales proceeds were wired to Trustee. The report gives the prices accepted for each item in the sale. In regard to the RATCOM DNA Machine the price it sold for is listed as $500.00. I had previously posted a price of $850. This report was based upon an input from a friend attending the auction.Remember I was in hospital at that time. Guess my friend has a hearing problem. Sale of this system did not include the PC with the operational software. It was sold as a separate item (PC). There were some super buys made by bidders who knew what was being offered