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To: David Parkinson who wrote (10382)4/3/1998 12:09:00 PM
From: John Fairbanks  Respond to of 27968
 
Someone picked up 52,000 at .687 at 12:01... looking good! (EOM)



To: David Parkinson who wrote (10382)4/3/1998 12:16:00 PM
From: Pascalle  Read Replies (2) | Respond to of 27968
 
From the Horses mouth,

1 million cash up front for taxes

No stock involved in purchase

Basically buying Myraid from IRS

Signed agreement yesterday, waititng for final approval and will then sign the deal.

Atrix:

real story is this is ripe for the picking

30% control by insiders

Bought 5% on open market

They have agreed to the last letter of intent.

Ira Monas will be in charge of this company.

Probably sell the whole thing off. They make vacuum cleaners.

Will add 3 million in cash

Acqiured small company in Manhattan.