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To: Ted Gregg who wrote (10870)2/10/1998 11:25:00 AM
From: Ron Sirch  Read Replies (1) | Respond to of 31646
 
E Trade moved my TPRO to the margin account yesterday morning. TPROW is still in the cash account and I believe that's where it will remain. Warrants, like options, are already leveraged insruments and would not normally be considered marginable.



To: Ted Gregg who wrote (10870)2/10/1998 11:26:00 AM
From: E  Read Replies (1) | Respond to of 31646
 
In today's News & Observer, a North Carolina paper, there's a long piece by one of their staff writers titled "Y2K, A Looming Mountain of Trouble." How this article came to my attention is kind of interesting-- North Carolina friends of mine who know nothing about my interest in y2k or tpro thought the subject matter so important and alarming that they are sending it to all their friends.

I'll just quote a couple of paragraphs relating to the legal aspects, and to whether we can assume that all the companies contracting for tpro's services will make public announcements to this effect:

"A business partner that experiences a computer failure...could be liable for breach of contract if promised goods or services aren't delivered. In other words, a company that gives assurances that it is solving its year 2000 problem in a letter to a customer might be held liable for that promise.

And because of their wealth and extensive insurance coverage, officers and directors of a public company may find themselves liable for not solving their organization's year 2000 problems. [NB: Personally liable, that seems to say. That would sure get my attention. --JM]

...Until some precedents are set, lawyers are advising their clients to respond politely but cautiously to inquiries from customers, recognizing that any guarantee of readiness that they put in writing could come back to haunt them when 2000 arrives."