To: Juli who wrote (2655 ) 3/20/1998 4:50:00 PM From: Juli Read Replies (2) | Respond to of 3358
Sorry about the unfinished message - I had to sign off and thought I would get back in time to retrieve it. To continue Paul told me his wife had invested $400,000 in SUNY two and one-half years ago. He admitted the company was just a shell and had little assets. He said about $200,000. He said there were about 400 additional public shareholders. He told me these were not family and friends. I know someone wrote that he said the others were family and friends. He said they chose SUNY because it was already a public company with no blemishes on its record. He also said that the investors in Chicago that he was talking with would only invest if he and Gil Olachea were involved. He said he is certain that financing, I believe up to 8 million dollars, though I didn't write this down, would be available in 45 days. He also said that he had received money by wire yesterday for Sigma. He once again said that he is extremely impressed, as are others in the industry, with Gil and that he is confident that within three years Sigma will be a $100 million company. I believe he has been saying $100 mil by end of 99. He said he believes NPCT will be a $10 stock, and that INCE, owning 75% of the company, will benefit. This is my opinion, that there will probably be dilution for financing NPCT, so in the end it will probably be much less of a percentage. I asked about the suit and he said it would have absolutely no affect on the financing, that noone takes this guy seriously. As always, Paul seemed very cordial and appeared to be giving me an honest assessment. I think we will just have to wait and see if that is the case. For those of us who have been in this a long time, there doesn't seem to be much choice.