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Microcap & Penny Stocks : MISM: Franchising for the Future (The Future is Now) -- Ignore unavailable to you. Want to Upgrade?

To: Ned Land who wrote (645)	7/12/1998 11:03:00 AM
From: Leroyt	Read Replies (1) \| Respond to of 1072

Ned, be very careful what accusation you make. You say: Indeed, they are. But the ones distributed on the Internet by you are not. The management of the company could claim no knowledge of them (and this would present a problem if someone were to name you as a codefendant). To you I say: 1. Any further falsehoods stated or implied with be reported to SI management. 2. Check with MISM's IR firm for copy of the letter that you imply that the company did not release. 3. I have three copies of the Letter to Shareholders sent to me from Dan Masters and I spoke to him just before receipt of my first good copy. My final copy was a cc: of the copy sent to the IR firm. There is NO question this was an official release. later and watch your step VERY carefully. later, .................................

To: Ned Land who wrote (645)	7/12/1998 11:15:00 AM
From: Leroyt	Respond to of 1072

To all on Private Placements: The following is my understanding of 504 private placements after discussing the issue with a corporate attorney a couple of months back. 504 Private Placements can be made up to $1 million. Stock is issued to the parties providing the financing. MIS apparently made a private placement early this year. Generally, the amount of stock is price well below the market value to the issuers are insured of recouping their money which the issuers often do to get their cash and move on. 504 Private Placements DO NOT have to be reported to shareholders until there are reported statements or annual reports. Since MIS is a non-reporting company they are under no obligation to report the PP. In general, I don't like PP's. Too secretive and often subject to abuse. But MIS apparently has used this funding to finalize these deals and in the process of trying to secure the loans. One of the previous loans (that fell through) required a $250k deposit just to initiate the loan process. I also understand that since PP's are secretive and often subject to abuse the SEC is considering outlawing their further use. This is probably a couple of years away. Another form of funding was Reg S (which I don't know the details on) but were very abused and are now outlawed by the SEC. I am sure that "Ned" understands that 504 PP's don't require a company press release. Ned has stated: "That's so sleazy". Either he is ignorant (which I don't believe) or trying to bad-mouth MIS. later and good luck to all MIS investors. Hoping the coming week is a good one. later, leroyt