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Biotech / Medical : Oxford Health Plan (OXHP) -- Ignore unavailable to you. Want to Upgrade?


To: Thomas Haegin who wrote (492)12/11/1997 2:04:00 PM
From: Andreas  Read Replies (1) | Respond to of 2068
 
Thomas,

Nothing has come back to me regarding bankruptcy counsel. If I hear anything I will post it immediately.

In 1984 I filed a class action lawsuit against numerous tax shelter promoters, their accountants (one of the big eight at the time), Viron corporation, Fluor Corp. and others. The tax shelter was OEC an energy tax shelter that sold solar-powered energy conservation systems for businesses and office buildings. Bottom line? My case in Michigan was consolidated with all other cases and tried in New York. The equipment sold by the shelter (through limited partnerships) didn't exist. Yes, a few systems existed. Those that did were sold multiple times to different investors. Remember this, large CPA firm, Fluor corp. Viron Corp. and other high-priced professionals all vouched for, rendered accounting projections, valuations and lent credibility to these promoters - some of whom ultimately ended up in Federal prison. I have seen this scenario repeated over and over and over.

My mistake was getting involved with a company (OXHP) managed by young promoters. Furthermore, I don't accept the earlier post's implication that thirty somethings, because they are filled with energy, desire etc. and had built this company (OXHP), are therefore not to be overly criticized. I will accept that, being young, they were energetic and hungry. By the same token, this is a crisis situation. In a crisis I want a seasoned warrior leading the troops. I don't need Wiggins cutting his crisis management teeth on my money!



To: Thomas Haegin who wrote (492)12/11/1997 4:23:00 PM
From: Andreas  Read Replies (1) | Respond to of 2068
 
Thomas,

For shareholders of OXHP. Feel like doing a little sleuthing? Then consider this - pick up the phone and start calling prominent bankruptcy firms in and around Norwalk, CT and ask to speak to the attorney representing OXHP. You will get the answer after the secretary does some checking "sorry sir we do not represent OXHP".. However, one of us just may get "just a moment sir I will connect you to Mr. _______ office". Bingo!