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To: Dan who wrote (1301)7/24/1998 5:50:00 PM
From: Mitch Aunger  Respond to of 7618
 
These are interesting questions...

What is the RIGHT way to inform investors?

A press release gets out to the public and investors, but not every investor may see it. Minor expense to the company for the press release fee.

A web page can only be seen by those who have an internet computer... and they must take the action to read it. There is no alert saying when it is changed. Very cheap for the company.

A letter mailed to the shareholders as of xxx date is the only way I know of that could get to each shareholder... but what about those of us who may want to invest? How do we get that info... only if we call? This could be expensive and time consuming for the company.

What does the SEC say about a company needing to update the shareholders?

An interesting problem for a company who CARES to resolve... it appears IAUS doesn't really care or have the money to care.

Mitch



To: Dan who wrote (1301)7/24/1998 7:18:00 PM
From: Jim Posey  Respond to of 7618
 
Dan,
I don't think it is a matter that IAS doesn't care as much as they can't afford to send newsletters to all of it's shareholders. Not being able to notify everyone, they choose not to notify anyone although I am sure they would be glad to do so. I also think that after the June debacle a couple of years ago, that they are probably required by the SEC to submit all news releases to them for approval before release. With that requirement, I would think that they have to have specific news to release not just generalizations that they are making good progress. Being very poorly underfunded, their time and money is better spent trying to finalize the store,DWM and AFIM than sending out useless newsletters. As ridiculous as it is, the only way to get any kind of information on the company is to call them but be prepared to wait for a response because they only have one person in IR that you can talk to.
Jim



To: Dan who wrote (1301)7/24/1998 8:57:00 PM
From: Ronald Leland Daniels  Respond to of 7618
 
Dan,
I think you missed my point about making unjustified conclusions- Let's suppose that IAS doesn't care about its investors and mounts a deliberate campaign to extinct them all together simply for the sake of expressing the fact that they don't care about those who invest in their lifes' endeavor; now apply a little logic. Simply stating this hypothesis sounds altogether absurd. Of course IAS cares about its investors. Of course IAS realizes that there are a whole bunch of people with a lot of money tied up in stock. I'm not sure why IAS is doing what they are doing, but I can narrow the list of possibilities by using a little thought- If I lose, IAS loses. If IAS loses, I lose. Therefore I ask the following rhetorical question: Why would IAS do these kinds of things unless they had to because of other factors you and I are totally ignorant of? They wouldn't! I doesn't make any sense otherwise.
You said, "I see no other conclusions to make other than they don't care about their investors." I think you're too determined to make a conclusion regardless of the amount of information (or lack thereof) you have. I don't know what IAS has been doing from day to day. I don't know when they plan to reveal DWM. I don't even know when the grocery store is going to open. I have very little, if any, information regarding the state of affairs at IAS. Therefore the most profound conclusion I can make from my vantage point is there is not enough information to make a conclusion. If you are like me, I have a hard time believing you can make a conclusion any more profound than that.
We need facts, not opinions based unjustified conclusions- That's what I'm trying to say. Without facts, this thread continues to be a place people go to wine and/or make each other mad.

Regards,
>>Ron