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To: Double Dipper who wrote (8794)3/28/1998 2:29:00 PM
From: JIN CHUN  Read Replies (3) | Respond to of 27968
 
Kevin, if what the speculation is of late is true, then it is very interesting. I personally think that if Jerry Mathwig is in the same business, and he own close to 200,000 shares of ATXI, it would be in his best interest to let the merger happen. After all, the business doesn't look to hot, his 200k shares would end up on the OTC-BB exchange and be worth much less than $1/share, or he can and the others can let the merger happen, have much more money with the increasing stock price, and perhaps control or buy the remainder of the business.

If I remember correctly, the release mentioned that a new board of directors would be appointed. Maybe the pres or CEO of Atrix wasn't in on it, or was, and was completely against it, except that I don't think he owns very many shares.

Does anyone have a breakdown on the shareholders or current board of directors?

Ooops! Just went through the Yahoo message boards. Looks like the shareholders of ATXI, Mathwig in particular, and the mystery 12% owner are looking to shake out current management. It also appears as if the "cash for acquisitions" has all but dried up on Atrix's end. As posted before, they only had 20k left in a line of credit according to their 10qsb in December. Ira may be smarter than anyone gives him credit for.

Jin.