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Microcap & Penny Stocks : STREAMLOGIC CORP (STLC)- This stock is going to fly! -- Ignore unavailable to you. Want to Upgrade?

To: SCREW-U- HAMMER SOL. who wrote (2730)	3/23/1998 10:11:00 PM
From: Jeffrey Raske	Read Replies (2) \| Respond to of 2840

I can feel for you and the rest of the stockholders. Preletz lied when he said he was going to look out for the interests of the creditors AND THE SHAREHOLDERS. He never had any intention of doing anything for the shareholders. Read this and weep: "CLASS E -- STOCK INTERESTS. Class E consists of all Interests in the Debtor, meaning all shares of the Debtor's common stock and all options, warrants and other rights affecting the Debtor's stock or equity interests. On the Effective Date, all existing shares of the Debtor will be cancelled and all options, warrants and other rights affecting such stock will be terminated. All Interests (including Rescission Claims, which are primarily claims arising from the rescission or breach of contracts for purchase or sale of stock, together with related claims) shall be deemed fully and finally released and discharged entirely. No distributions will be made upon any Interests, either by the Distribution Estate or by the reorganized Debtor. Thus, holders of Interests within Class E are deemed to have rejected the Plan, because they will receive and retain nothing under the Plan's terms. The Plan provides for no distribution to holders of Interests because the Debtor has determined, through review of its assets and liabilities and in consultation with its advisors, that the aggregate value of the Debtor's assets is exceeded, by a large amount, by the sum of allowable claims against theDebtor. As a result, there is no present equity in the Debtor and, in the Debtor's view, all present shares of stock of the Debtor are worthless." In addition to this unsecured creditors will receive a pool of stock of 3,500,000 with an aggregate value of .325 per share for distribution in the estate. They may claim against the estate after the discharge for these shares. We get left holding nothing.

To: SCREW-U- HAMMER SOL. who wrote (2730)	3/31/1998 10:28:00 PM
From: Maui Jim	Read Replies (1) \| Respond to of 2840

April 1, 1998 (Reuters) Hammer Storage Solutions has announced that if you mail your Stream stock certificate and ANY disk drive, working or not, they will mail back an equivalent number of new HSSI shares as well as one new Hammer storage drive... Street Address: Hammer Storage Solutions 8450 Central Ave Newark CA 94560