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To: Bill Monahan who wrote (4058)	4/21/1998 6:40:00 PM
From: GP Kavanaugh	Respond to of 6654

Just out of curiosity, whatever happened to the "tri-lateral" letter of intent? Shouldn't we be merging with "a profitable 20 year-old tire company with $3.5 Million in annual sales and approximately 10-15% of that in pre-tax profit." sometime soon. Maybe somebody could ask Jack when they talk to him. If WOTD decides not to change its stance I don't think I would want to be in Mr. Arnold's shoes as the new "Director of Investor Relations". Lastly, has anybody seen the letter of intent? I'm not entirely sure that authorizing "the Board of Directors and the President of the Company to take any and all actions necessary under such Letter of Intent." means that they are allowed to take all of the current shareholder value and throw it out the window. I not a lawyer though so somebody correct me if I'm wrong. GP