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To: Shawn Donahue who wrote (4286)3/6/1998 6:14:00 PM
From: Judith  Respond to of 12043
 
One Last Time....

Shares are not being retired...they are being put back into the float!

What do you want the company to say..that they exchanged your common shares only to reissue them again to give other people preferred shares? That they reissued the shares a second time to get money to pay a small dividend to those same people and the shareholders that agreed to the conversion to reduce the float?

This is exactly what they did..do you want them to put it in writing?

Look at what the share count was before the exchange. Look at the news release about retiring insider shares. Look at the share count following the exchange from shareholders. Look at the share count now.

It is all right in front of your eyes. What further explanation are you looking for?

There is no law suit in court. There is no case number. The answer is they say they are trying to solve this out of court. Does that make you feel confident about the "ironclad" contract they had? Do we even know for sure there really are 4 companies and that this is the issue? First it was only the 50 million leakage. Then it was problems from a private placement that was sprung on us in a newsletter. Then the company said it was two different issues. Then it was 2 different issues but some of the same parties involved. Now it is the same issue.

Again, I ask..what further explanation do you want?

Sorry if this echos from the sound of anger. That anger is directed at the company, not any shareholders.

Judith