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To: bob oserin who wrote (3799)12/23/1997 8:57:00 AM
From: feltburner  Read Replies (1) | Respond to of 10786
 
Bob O: Alydaar paid $6.5mm in stock to own 100% of Alydaar Europe. This is well less under 1X est. '98 revs. from this div. Sounds rational enough to me. By the way, I had spoken w/ Keith Shipton of Chase on two occasions before ALYD bought full interest in the JV and called him immediately after the announcement to find out why they would be selling; he told me that there was a minor difference in how the cos. wanted to market to potential clients. Who knows if that is the full reason, but at that time, he said the JV had many leads but no contracts- suddenly ALYD is signing many deals in Europe. Wonder whose marketing ideas were better?
- Felt Burner



To: bob oserin who wrote (3799)12/23/1997 10:44:00 AM
From: tech  Read Replies (1) | Respond to of 10786
 
bob, >> Regulation S. shares <<

Every time Bob Gruder makes an offering in the form of Reg. S., it is a slap in the face of all the shareholders. If he wanted to do the deal so bad, he could of done it with a Reg. D. or other type of offering that doesn't instantly dilute the stock.

Reg. S - are newly issued shares.

Reg. D - come out of the total outstanding.

Also, there seems to be something else between the breakup of Chase and ALYD. Nothin' like having some Reg. S. shares in the hands of people who may not see you company in the best light.

Chase took their money and ran. They made a good profit from the deal and have now turned to ConSyGen in the form of an alliance partner.

Here is the press release > biz.yahoo.com

ALYD paid $6 Million for the joint venture, Bob Gruder gave them Reg. S share, (a slap in the face for all shareholders) and then Chase took the money and ran.

Now Chase is sitting pretty with another company and still have Reg. S. shares to dump at their pleasure.