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Microcap & Penny Stocks : QDRX -- Ignore unavailable to you. Want to Upgrade?

To: r laird who wrote (3501)	3/6/1998 6:24:00 PM
From: Jim Mills	Respond to of 3977

I have set up an E-mail address for anyone interested in persuing a class action suit. If you are interested, E-mail to qdrx@hotmail.com. In your letter please give permission to forward to an attorney. Unless something is done soon, we lose it all, Technology, patents. This technology is worth more then owed the creditors. I have received E-mail from people with very interesting information and the name of an attorney who would handle the case, maybe even on a contingency. If enough sign on, and there is a cost, it would be minimal due to the volume of shareholders. I have lost so much with this outfit another hundred won't make a difference. JIM, please post this to SI link. Terry ÿ

To: r laird who wrote (3501)	3/6/1998 6:40:00 PM
From: Jim Mills	Read Replies (1) \| Respond to of 3977

Dear Jim, >I'm a former Quadrax employee (VP/General Manager), and was >fired by Palermo about 7 months ago (or "quit" as he claims, >although he tried to hire me back a few days later, although >I declined). If anyone's gonna start a class action suit, >I'd sure like to assist in the prosecution. I'm obviously >VERY biased against Palermo, etc., but think I can be >objective with the facts. > >I started to question many things that Palermo was doing >while there, which undoubtedly hastened my departure. Some >of them included: > >(1) Employees 401K funds not being invested in pension >accounts, but being used to pay bills instead. >(2) Overhearing Palermo talking to stock brokers on the >phone (on numerous occasions) with what I considered to be >privileged and confidential information, which resulted >stock moves. >(3) Being pressured to offer $50,000 per year positions to >"friends" of Palermo, some of them female; I did not cave >in, which resulted in strained relations between myself, my >managers, and Palermo. > >I currently hold 2,000 shares of stock in my own name (which >I purchased at the market price of 7/8ths and still retain), >had numerous option shares which were never "in the money", >so I never profited from all the stock hyping. In addition, >I only received a fraction of the six month termination >agreement I was lured to Quadrax with in the first place >from my former employer, Textron Specialty Materials; and >was told to pound sand for the rest of it. I'm somewhere WAY >down the list of unsecured creditors, and will probably >never recover another dime, although I've retained an >attorney in RI to see if I can. > >I could probably go on ad nauseum, but will probably save it >for "my day in court", if it ever materializes. Sorry to >ramble on, but it's time to "vent" and share some of the >pain. I don't mind if you circulate (or even post) this >memo. I expect if you do I'll probably get lots of >responses, as well as some venom ..... so be it. > >Regards, > >Mike. >