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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Lal who wrote (4508)	6/4/1998 6:07:00 PM
From: P.E. Allen	Read Replies (1) \| Respond to of 25711

Patience young man or lady, have patience. When the fat "LADY" sings, your going to think it was a bargain at .05 cents. Why would they move the price from .004 to .05 with only 30k shares trading?

To: Lal who wrote (4508)	6/4/1998 6:09:00 PM
From: P.E. Allen	Respond to of 25711

In the meantime concentrate on the AOXY - MICROSOFT CONNECTION. You don't know where you are going if you don't know where the company has been recent new contract, purchased a possible internet / CD-ROM etc technology company. and only months ago they were considering this.......... PLAN OF OPERATIONS The Company had ceased operations since the sale of its technology to W.R.Grace Conn. The Company is currently seeking acquisitions, mergers, and purchases to begin operations. Pursuant to a Stock Acquisition Agreement dated as of December 18, 1997 the Company has issued 23,750,000 shares of its common stock , par value $.01 at a price of $0.01 per share for $60,000 cash plus consulting services rendered valued at $177,500. Pursuant to a Purchase Agreement dated as of December 18, 1997, an aggregate of 800,000 shares of AOXY's common stock was purchased from Edelson Technology Partners II, L.P. ("ETPII") for $10,000 cash. AOXY issued 450,000 shares of its capital stock to ETPII in exchange for consulting services. The general partner of ETPII is Harry Edelson, Chairman of the Board and Chief Executive Officer of AOXY prior to the transactions resulting in the change of control (the "Transactions"). Prior to the Transactions Mr. Edelson directly or indirectly owned approximately 25% of the issued and outstanding common stock of AOXY, and following the completion of Mr. Edelson's consultancy he will own approximately 1.5%. Pursuant to a Waiver Agreement dated as of December 18, 1997, Emile Battat, Richard Jacobson, each a director of AOXY prior to the Transactions, Sharon Castle, a former officer of AOXY, and EPTII released AOXY from any liability for repayment of an aggregate of $275,000 of loans plus all interest due thereon previously made by them to AOXY in consideration of an aggregate amount of $60,000 cash paid to them pro rata in proportion to their individual loans outstanding. On December 18, 1997, pursuant to a Trust Agreement dated as of November 7, 1997 and an Assignment and Assumption Agreement dated as of November 8, 1997, certain royalty rights and liabilities related to technology AOXY sold to a third party in 1995 were transferred to a trust for the benefit of the AOXY shareholders. No royalties had been paid or become due with respect to the rights transferred to the Trust, and no value was assigned to such rights on the books of AOXY. All of the directors and officers of AOXY resigned in connection with the Transactions. Robert E. Wolfe and Joseph N. Noll were elected as directors on December 18,1997, and Mr. Wolfe was appointed president.