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To: Jeffrey S. Mitchell who wrote (5287)	3/27/1998 11:04:00 AM
From: RODNEY R. BORDELON	Read Replies (2) \| Respond to of 10786

To set the record straight, ALYD has NO NO NO liability in this frivolous lawsuit. This lawsuit is about a $58,000.00 note signed by GEM, that went bankrupt. There is no basis for this lawsuit, and I am an attorney. If I have a watch worth $50.00 and you break it, I could sue you for $500,000,000,000.00. This does not mean however that I will get it. Even if I did get it, Bob Gruder will have to pay the tab, because he has INDEMNIFIED ALYD of ALL exposure to this lawsuit. Who is the person suing Bob??? Good Question!!!!!!! A commodities trader and his buddies. They have nothing to lose except $58,000.00 + interest. Why not take it to court. Also, remember the 1996 form 10. There were TWO lawsuits relevant to this same transaction. The first one was settled for nothing, because they came to there senses and got tired of spending attorney fees for nothing. This second lawsuit is on a contingency basis only. This mean the client pays nothing unless the case is won. This is why it has continued. The other attorneys have tried to settle with bob on numerous occasions, but Bob will not settle because there is no basis for the suit. Please read the 1996 Form 10 and the 9/30/97 Form 10/Q. You will plainly see that this has been reported and is old news. TRUTH I apologize if I have offended anyone, but I am in a bad mood, because of the Observer article. You would think they would have done a better article of there hometown company. I guess no more private interviews will be granted to them in the future.