Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Intrinsyc Software Inc. (T.ICS) (formerly V.ICS) -- Ignore unavailable to you. Want to Upgrade?

To: Peter G. Mackey who wrote (330)	5/6/1998 9:37:00 AM
From: X Y Zebra	Respond to of 1635

Mr. Mackey, Personally I do not know, If I get an update I will post it here, I also suggest you contact Mr. Spratt via their e-mail address in the Intrinsyc web page: intrinsyc.com Other than a shareholder I have no relationship with Intrinsyc, nor with Mr. Spratt. Z.

To: Peter G. Mackey who wrote (330)	5/6/1998 7:23:00 PM
From: Codfish	Read Replies (2) \| Respond to of 1635

Hello Peter, What stage is ICS currently working on? Do you have an estimate on the amount of time required to complete this process? I believe that many of the steps are occurring simultaneously. The letter indicates, to some degree, where we are in the process: 1. Negotiate and sign the LOI with the basic valuation formula and structural business issues defined - completed and announced on Mar 31/98 2. Complete formal 3 year audits of Annasoft by KPMG - in process 3. Complete formal "fairness opinion letter" to the Exchange and Shareholders, requires completion of audits - in process 4. Complete formal agreement and sign - in process 5. Complete information circular materials (prospectus level disclosure on the merger) and mail out to shareholders, call an EGM 30 days hence 6. Hold EGM and seek shareholder approval 7. Final closing, business begins as a U.S. based merged entity The Shareholder letter indicates that we are currently working through steps 2,3 & 4 and steps 5,6 & 7 will be completed when 2,3,4 have been completed. I'm guessing a few more weeks. Bill C.