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Microcap & Penny Stocks : Veronex Technologies Inc. (VXTK) -- Ignore unavailable to you. Want to Upgrade?

To: David A. Hite who wrote (278)	4/7/1998 10:56:00 PM
From: DD™	Read Replies (1) \| Respond to of 684

So, are you saying the LA TImes article alleging common "employees" of VentureTech 2000 and Global Mining to be false? DD

To: David A. Hite who wrote (278)	4/8/1998 12:52:00 AM
From: DD™	Read Replies (2) \| Respond to of 684

Link to LA Times Article - Global Marine & VentureTech 2000 latimes.com; Excerpt.. Now, a New Venture "In June, the FTC filed its lawsuit against Global. In seeking penalties against the company, Wagner, the FTC attorney, wrote: "The only profitable mining going on is [Global's] drilling into investors' wallets." A federal judge in Los Angeles froze the company's assets and appointed a receiver to take it over. The next day, FTC investigators, U.S. Postal Service inspectors and the receiver fanned across Encino to halt the operation. At one of Global's addresses, investigators found an abandoned office. Inside were hundreds of pictures of the Tippecanoe Mine and little else. Federal agents also went to the phone room where Global's salespeople had worked for more than a year. But when they arrived, Global was gone. In its place was a telemarketing office for another company, a computer consulting and software business called Venture Tech 2000. Working the phones were several salespeople from Global. But there were no Global documents or any other evidence related to the mining operation." Many thanks to Jeff Mitchell for his efforts in uncovering this research. DD

To: David A. Hite who wrote (278)	4/8/1998 6:58:00 AM
From: Dixie7777	Read Replies (1) \| Respond to of 684

Has the up front payment from VentureTech 2000 been made to Veronix yet? If so, in what form, cash, securities, etc? If not, when? And if not yet, what form will it be made in, cash, securities, etc? Thank you, Rich

To: David A. Hite who wrote (278)	4/8/1998 9:23:00 AM
From: woody	Respond to of 684

Are there 18 Million shares potentially outstanding? From my research the earn out process is that for every $2 in revenue there will be 1 share issued to the owners of Aim system or now the I/NOVA. Mr. Price being the prime recipient of the shares. Is this the formula? If so is there a time limit on the formula. As I see it the company has to do $25 million in revenues and there will be 18 million shares out. At current market prices I hope that you do at least $25 million in revenues. Please clarify the earn out formula?