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To: Robert K. Sims who wrote (6831)	7/9/1998 12:52:00 PM
From: Larry Brew	Respond to of 10786

Robert, << allegations >> I believe the press would be all over it. IMO Larry

To: Robert K. Sims who wrote (6831)	7/9/1998 12:54:00 PM
From: Jeffrey S. Mitchell	Read Replies (3) \| Respond to of 10786

Robert, the guy has admitted he's sued his own mother. Do you really want me to dig deeper? - Jeff

To: Robert K. Sims who wrote (6831)	7/9/1998 2:17:00 PM
From: Jeffrey S. Mitchell	Read Replies (4) \| Respond to of 10786

Re: DNPond's allegations Just spoke to Bob Gruder. I was hesitant to post anything at all but as there may be lingering doubts in the minds of some investors I thought I'd put the subject to rest. This is the only time I will dignify Mr. Pond's baseless allegations with a comment.. Apparently, David Pond bought some stock in ALYD (GEM UT) when it was just a shell. His mother, Eleanor, allegedly stole his shares. Mr. Pond is now suing his mother over this. Yes, that's right, suing his own mother. A couple of months ago, Mr. Pond's lawyer called Bob Gruder in order to get Bob to testify on Mr. Pond's behalf that Mr. Pond's mother did indeed call Bob in order to get the certificate numbers in question. Anyone who knows anything about this stuff knows that certificate numbers are maintained by the transfer agent, not by the company. Bob doesn't specifically recall any conversation with Mr. Pond's mother, and told the lawyer that the only possible thing he could have told her if they did talk was to call the transfer agent. Mr. Gruder even went so far as to send microfiche copies of the certs to Mr. Pond's lawyer to help them track down the allegedly stolen certs. To show how "nutty" David Pond is, he is also suing First Union and Paine Weber over this! As for the allegations of Panama and drug money... Bob Gruder's original company, GEM CT, like many start-ups, had an idea but no financing to pursue it adequately. They sent out copies of their business plan all over the world and got a bite from Morgan Gundy of Panama, who said they were willing to give Gem $3M. Gem spent $100,000 in underwriting fees and lawyers only to realize later they had been scammed. Morgan Gundy (Lloyd Rubin; arrested by the FBI and now in jail) had bilked scores of other companies with similar promises. This was such a big scam it even made the TV show 60 Minutes. Drained on funds and without funding, Gem went bankrupt. From talking to ALYD's founders, it's truly amazing that ALYD itself didn't go bankrupt early on. As someone who plans to go public one day myself, I couldn't get a better education on this subject at Harvard Business School. So, like I said earlier, we have a company with 350+ hardworking employees, most of whom are also stockholders, who deserve better than seeing baseless rumors in print from people suing their mothers-- on a forum about investing. I feel equally bad for the investors on Yahoo who have taken the brunt of Mr. Pond's ramblings. It's time to move on. Thanks. - Jeff