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To: HERB MILLER who wrote (52)3/24/1998 10:21:00 AM
From: Winston S. C.  Respond to of 87
 
Herb here is what I know. A company named Dominion Resources lent the company less than a million dollars several years ago. In return, received interest on the loan plus around 600,000 shares of stock. Compare this to the Monsanto deal (loan of money, options to buy stock at $5 per share). The difference is amazing.

Dominion is a closely held public company controlled by someone named Eugene Mulvihill. Ask anyone in the world of finance who he is. He spawned Robert Brennan and has done, and continues to do many IPO deals with the "dirty laundry" list of the SEC. Guys like Marshall Swartswood, Morty Davis, Franklin Wolfe, etc. etc. All of these folks are principals of investment banks that have been found guilty of securities fraud and worse.

This information was just confirmed to me last night. Hope it helps I don't really know how much matters except that typically companys that these guys start are not set up to benefit shareholders.