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Microcap & Penny Stocks : ARET (Formerly KLHE) -- Ignore unavailable to you. Want to Upgrade?

To: John who wrote (3973)	4/15/1998 7:57:00 PM
From: James Lee Baldwin	Read Replies (1) \| Respond to of 4594

What does this mean??? From section 6 of the financials General ...The remaining debt of the Company is primarily associated with the Engineering Subsidiaries. The Company will file Chapter 11 bankruptcy proceedings during 1998 naming its Engineering Subsidiaries to eliminate a majority of the remaining liabilities. (Please refer to "Item 3 Legal Proceedings"). James

To: John who wrote (3973)	4/15/1998 9:07:00 PM
From: (Bob) Zumbrunnen	Respond to of 4594

The risk of a reverse split is enormous at this point, and thank goodness ARET officials agree, according to Barry. He revealed to me during my phone conversation with him last month that ARET would not even consider a reverse split until the company becomes profitable and CAN SUSTAIN A POST REVERSE-SPLIT PRICE. This wouldn't be anything like their assurances of financials for the past 4 months, or perhaps their statements that they'd use BusinessWire for press releases, or even Delmar saying he owned 80M of the 150M shares outstanding? ;) In any event, now that Delmar only owns a small percentage of ARET, is he even empowered to make a reverse split decision on his own? Has anyone been in contact with them to see what happened to those other 50-60M shares he was supposed to own? Did they end up in the treasury? I don't recall seeing that in the 10K. Perhaps they're in the float? Perhaps that was him selling all those 500k blocks a while ago while assuring me he wasn't selling any stock?