To: Richard L. Williams who wrote (525 ) 4/27/1998 11:38:00 AM From: Musya Read Replies (1) | Respond to of 904
From Yahoo: --------------------------- <- Previous Next -> Message 500 of 527 Reply fmrick----->specstock Johnny_2Bad Apr 25 1998 7:59PM EDT I have been very proactive with this investment/company for several months now. In the process I have became particularly annoyed with thier half assed PR. This has been an ongoing issue that I have taken up with them for some time now. In that process I have put them in touch with a couple firms that I believe would be of great assistance in that arena...in the process of negotiating a deal with one firm in particular, they have had to present them with thier audited financials that have been prepared by an attorney in Pheonix to present along with other documents to the SEC to become a fully reporting company. Obviously included in these official documents are the #'s of shares, authorized, outstanding and float. In a follow up conversation to see where they were at in the negs last week, I spoke to the president of that firm. He confirmed to me what Damian has told me a along...there are in fact 6.1 million shares affloat with the remaining outstanding (which I don't have an exact figure on so I will not post it until I have it) restricted and held by insiders. Now that they are soon to be a fully reporting company, any sale of those shares would have to first be publicly documented by a Form 144 (intent to sell), followed by a Form 4 on or before the 15th of the following month that the sale took place . I'll bet the figures you got from AOL were from none other than Lankry, who whenever possible " ginger breaded" the situation so as to fit a little nicer into her hype machine! So, since the #'s match with what the company has told me all along, they have NOT been selling shares to pay the bills and there WILL NOT be 9 million shares dumped into the mix in July...it blows my mind that you spend so much time trying to decimate this company, while never having even spoke to the company yourself. I can't even imagine having the extra time in my life to post every day on the boards of companys of which I don't own any stock. It must be nice to have that much time on ones hands. I can't even spend an honest amount of time with the companys I do own a share in and run MY business at the same time. ------------------------------------- Musya