To: trenzich who wrote (3000 ) 6/4/1998 11:38:00 AM From: D.E. Shetland Respond to of 5743
BUSTED....TZ et al.... Your key men in the V-Chip company sold out cheaply (of course, after TVL refused to meet with them), immediately required their shares to be registered, hence unrestricted, and, lo and behold, they show up nowhere as significant holders of equity in Acacia anymore even though they own a chunk (given their various multiple deals with Acacia (Greenwich Info, Internet Services, etc...)) and are officers. Looks like they dumped immediately. They should know more than anyone what prospects Soundview has. Looks like they voted with their feet. No wonder the same guys have started 2 new companies since then. Boy are these boys productive at some very intricate, difficult technology areas ...video-on-demand, internet software, v-chip tech. What incredibly talented, multifaceted scientists. You'd think everyone would be knocking down there doors to access them. Looks like Acacia's the only believers. Prediction: Next hot Wall Street Fad - Your own Personal Pocket-sized Nuclear Testing Detection System. Guess what, a guy in Greenwich has been developing one. No doubt Acacia will front him a few bucks, sell some out at higher prices, write up the asset, buy some back, hype up the technology while never producing anything and, the coup de grace, they'll flog some more shares to an unsuspecting public so they can keep feeding their cash-sucking portfolio of last-years fads and under-financed under-achievers. Wake-up TZ From the April 98 Proxy: "TRANSACTIONS WITH H. LEE BROWNE AND DAVID H. SCHMIDT. On July 6, 1997, the Company purchased from Messrs. Browne and Schmidt a total of 2,625,000 shares (the "Soundview Shares") of common stock, $.001 par value per share, of Soundview Technologies, Inc. ("Soundview"), pursuant to the terms of a Common Stock Purchase Agreement among the Company, Messrs. Browne and Schmidt dated July 6, 1997. The Soundview Shares represent 35% of the outstanding capital stock of Soundview. As a result of the transaction, the Company owned approximately 51% of the outstanding common stock of Soundview. The purchase price for the Soundview Shares consisted of a total of 400,000 shares of common stock of the Company, $500,000 in cash and the issuance of non-recourse promissory notes to Messrs. Browne and Schmidt in the aggregate principal amount of $900,000. Such notes have subsequently been paid in full. Pursuant to the Common Stock Purchase Agreement, the Company, Messrs. Browne and Schmidt entered into an Amended and Restated Stockholders' Agreement to provide for elections of directors and other matters relating to Soundview. In addition, as part of the transaction, Soundview entered into five year employment agreements with each of Messrs. Browne and Schmidt. Also, the Company agreed to promptly file and maintain a registration statement with the Commission covering the proposed resale of shares of the Company's common stock by Messrs. Browne and Schmidt. The registration statement was filed and declared effective by the Commission in September 1997."