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Microcap & Penny Stocks : Saliva Diagnostics (SALV) -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Rozenblit who wrote (2104)	2/17/1998 6:02:00 PM
From: A Gottlieb	Respond to of 3369

One note; the company has and uses AOL. I am sure any posts on the boards there will be seen by the company. Any thoughts on this real "winner." By the way, the company (Heidi specifically) said today that they are considering a revenue preannouncement.

To: Bruce Rozenblit who wrote (2104)	2/17/1998 6:53:00 PM
From: Gary Green	Respond to of 3369

Bruce--good job. Now lets examine the "facts" you were told. You said that you were told: "The company was a wreck when he took over. It had consumed 22 million dollars of capitol that all came from share holders. He said they didn't even have proper documentation for the process. He has fired half the employees, they are down to 18. Basically, he said that he had to start from scratch. The 22 million was gone, bled down. The linen was very dirty indeed." If the old management took $22 million of shareholders money and there is poor documentation, it smells like theft or fraud or malfeasance to me. I think we should enlist the new management's assistance in suing the old management, or at least their cooperation in helping us to determine if there is a basis for a lawsuit. It is hard to imagine how this dog of a company could have spent $22 million legitimately. I am not happy about not responding if I was cheated by the old management. I am not suggesting (yet) that a lawsuit be started against SALV itself, but the prior managers and directors look to me as if they owe us, big time, and should not be let off of the hook. More to the point, who appointed or elected Ken McGlauphlin? Where is his power base, and where did he come from? Is it not a fact that he was put in there by the insiders and private placement holders, and that he is doing their bidding? If so, why should he by trusted by us ordinary, common stock shareholders? His answers to you do not make me feel very sanguine about the future of SALV, nor does he seem to have any plan to turn this company around. All he said, it seems is that the old guys were trash, and we should sit by quietly while he repairs the damage they caused. But I ask again, who is he, and where did he come from?

To: Bruce Rozenblit who wrote (2104)	2/17/1998 6:53:00 PM
From: rl	Read Replies (1) \| Respond to of 3369

So you have the answers. FAT CHANCE!! You must be so scared that you are ready to believe anything. If McLachlan told the truth when speaking to you, he lied when SALV announced that the former CEO "resigned." The former CEO and the head of the Singapore subsidiary had contracts that were filed with the SEC and disclosed in all SALV documents. McLachlan recieved $8,000 per month for one quarter of his time as CFO before supposedly "firing" the CEO and Singapore head. This was also in the SEC filings. If the there was not "proper documentation" why did he sign financial reports and other filings in his position as both CFO and a BOD member? Did you say that Bryan Cave (the SALV attorneys) were paid 500K to "fight" the firing of the the CEO and Singapore man? That is absurd. The Singapore man was working at SALV until less than one month ago. Did he really say the "linen was dirty" and the "company was a wreck?" He has had more than 14 months to rectify the situation if it was as bad as he says. Why is the stock at its lowest level yet? Don't you think this is a classic "pass the buck." I think the company's precarious position is because it is impossible for someone who is rarely in the US to run a small start-up publicly traded company, especially if you do not understand the US market or the products. Do you think bragging about firing people is responsible? Are the remaining workers motivated to do a good job on a highly complex and technical product when the absentee manager comes into town on a whim and "fires" people? Why don't you ask him about manufacturing of the millions of tests SALV claims to have sold. Are those same 18 people going to perform this job? If not, who will oversee the contracts of outside sources? Ask him if SALV pays for his hotels and plane fare from Europe. I have heard rumors that he flys the Concorde to NYC and then on to PDX. A business class ticket from Portland, OR roundtrip to London is over $6,000, if he's not flying first at almost 10K. To say that SALV was in "a total mess" when he took over is an obvious ploy to shift the blame and avoid McLachlan's responsibility. He was the second highest ranking officer in the company when he conducted his coup. His job was the finances. If it was a mess, it was his primary job. To say the someone else was "milking the company" when you are receiving $8,000 per month for one quarter time is like the pot calling the kettle black. For full time work ($8,000 X 4) he would be receiving $32,000 per month, much greater than the 250K of the old CEO (who by the public documents of SALV, did not receive anywhere near that figure in actuality). Did he say that "the bad guys took the money and split?" He wasn't a "bad guy?" Is he now our knight in shining armor? Get real!! The indicator is in the performance of the stock and the sales of SALV. What has he done? What have the attorney's done? Who is getting the money if SALV only has 18 employees? Why don't you ask the hard questions? If he truly stated that the "big market is in professional sales, not over the counter" SALV has changed its' tune. This is another absurd statement. Do you think that there is a bigger market for doctors to buy an at-home, over the counter test to use in their office or bigger sales in a product available to anyone at the pharmacy? It's ludicrous to believe the Doctor's office is the bigger market. It displays ignorance about the products and the market. The real question is why McLachlan "fired" everyone to begin with? If he is our salvation, why isn't he proving it? By the end of the year, with this new financing, SALV will be delisted and the stock after the split will be as low as it is now. Who will he blame then?