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To: Brad who wrote (4031)2/25/1998 7:00:00 PM
From: Little Engine  Respond to of 27968
 
<<<That's why I figure the raw earnings for 97 are pretty much what they figured they would be clear back in Oct-Nov. But insiders "rewarded themselves" via stock options.>>>

So nice for insiders to "reward themselves" at the expense of dilution to the shareholders, especially before any numbers come out! Another one of the "stockholder friendly" actions, no doubt, LOL.

You are kidding, right Brad?

Correct me if I am wrong, but aren't stock options generally granted tied to the stock price, or at least audited financials? Did Ira get a big reward for pushing the stock to .30? Guess there's a refund due after today's market action...

Regarding the so-called "line of credit".... $12 million spent on shares at .25 each would bring 48 million shares... now it makes sense! In exchange for the money, the venture capitalists become de facto owners of a majority stake in the company. If the company doesn't pay the debts on time, they fire Monas and Arif, and bring in new management. What a big stick. Win/win for the LA team.

Have some Tums.

L.E.