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To: inchingup who wrote (1133)7/7/1998 9:34:00 PM
From: Pendretti  Respond to of 4080
 
To be honest. My positive feeling is shrinking every time. Now a lot of people have talked to Greg including me. Now he has made some remarks about the share price and he also mentioned some projections. First he mentioned to Shorty (if I am correct) an expected share price of $ 4-5 by the end of october this year. To me he mentioned a share price (when I asked him about this remark) of a good $ 3 by that time. Now I see he mentioned that he is looking forward to a share price of $ 3 in january next year.
Not that it would be bad to go to $ 3 in january, but he is lowering his projections every time.

I know they are busy right now getting everything ready to be able to deliver contracts but they shouldn't have made the statement in april. It was far to aggresive.

Rene.



To: inchingup who wrote (1133)7/7/1998 9:41:00 PM
From: Investor9911  Respond to of 4080
 
The last two weeks have been slow. All of sudden everybody has doubts and accusations.

Hear me. No matter what happens, even if the co. has .20 earnings, this is unreal for such a young company.

I agree however, we need IMMEDIATE answers to these questions:
1. Are the large contracts in the April release for real?
2. If they named all four customers why are we waiting to hear about two of them?
3. Has the $50 million dollar projection changed?

These are important questions and as shareholders we need answers. The management is fully accountable to us, the shareholders.

Mr. Reight, as PR man, should not be telling people that the projections are aggressive, the company should be.

We need facts. I am holding a large amount of shares, collectively, we are holding over 50% of the public float. I am not saying that I am selling just yet, but without info in the next week I am DUMPING.

I believe in this company but I will not sit around to read ambigous press releases.

Let see some proper responses and real accountability from management. It is nice to hear that Gerry is running back and forth to China but are there REAL revenues or he just spending our money for a good Dim Sum.