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To: Carl Wysocki who wrote (205)5/20/1998 1:07:00 AM
From: Jerry Rush  Respond to of 233
 
Thanks, Carl.
The investment group announcement was bothersome to me too when it was made.
I called the company right then.
And was given a positive spin without telling me whats up.
Haven't managed to talk to anyone about it since.
So it's still in limbo.

Anyone else talk to the company lately and have a recent opinion on the situation?
Jerry



To: Carl Wysocki who wrote (205)5/21/1998 5:03:00 PM
From: Jerry Rush  Respond to of 233
 
<< .I'll wait ... for the stock to come back to the 2 1/2 range >>
Had to be quick if you bought at the lows today.
Jerry



To: Carl Wysocki who wrote (205)5/26/1998 12:53:00 PM
From: Jerry Rush  Read Replies (1) | Respond to of 233
 
Spoke with the company again today.
Had three concerns:
1.) Management change
2.) What purpose for cash
3.) Revenue shortfall

Was told the investment group buy-in and change was something that strengthens the company.
Cash - $1.7 million (and the upcoming inflow from group) will be used to grow the business.
How? I wasn't told.
Consolidation is happening in the industry and they have done both acquisitions and joint marketing agreements. I expect more of the same.
And as for revenues, some business was deferred from last quarter to this one.
Still, the yearly target is probably in the $32-33+ million range for revenues.
The earlier expectation of $35 million came from PR.

As for the "kicker" as I called it, the company will have news when everything is settled on the investor group deal.
I thought this was a done deal.
It is not.
No idea when it will come.

We did discuss "giving away of the company."
I was told that wasn't the case.
They can get half of the board, but not control.

Jerry