To: Steven G. Trapp & Company  who wrote (35 ) 7/26/1998 2:41:00 PM From: Shareholder     Read Replies (1)  | Respond to    of 79  
I have read the last few messages re Tels, and it is obvious to me which are from shareholders, and which are from management.   It is laughable that one would comment that Tels was notified in Feb., and not Jan.  What is the difference.  Does it mean that all companies that were notified in Feb. are exempt from this rule.   It is almost as funny that they blame Nasdaq for the de-listing, and not the company.  Is it the fault of Nasdaq that the company is trading at $0.40 ?  I was not aware that Nasdaq was a public relations firm who maintained promotion programs on companies.  I was not aware that Nasdaq ran the corp. end of companies whereby making them profitable so investors would be attracted.  How foolish I am.  I thought it was the responsiblity of the board and management to ensure that the company performed as promised to investors.  I thought it was the board and management who hired and maintained a promotional program that would keep the company and the company interests in view of potential investors, thereby keeping the value of the stock at levels where this Nasdaq rule would not be an issue.  I can only speculate at the qualifications of the genius who compared the CEO of IBM to the CEO of Tels.   Try this scenario on for size.   The company promised good news this month.  {The question is, good news for whom!!!}  If Tels goes to the BB, the share price will drop, most likely to a dime.   Who does that really hurt, the management who collects salaries and wages, or the shareholders who invest in the hope of increased value and or dividends.   Who in their right mind would continue to invest or buy stock in a company whereby the management does not change, after they let it go to the BB.  Todays shareholders will be tomorrows sellers.   I wonder who would buy the stock .  Maybe the only people who have made money in this company in the past 2 years.  Who are they?  Check the company financials under management costs and fees.    Why would they want to buy the stock at a dime?  Try this on.   Lets say a group who now owned say 30-50 percent of Tels, could aquire up to 90 percent at a dime.   How much would that cost?  Maybe $200,000.00   Look at the financials, what is the hard asset value of the company.   Ten or twenty times that.  Somebody spoke of a class action suit.  Could this be what they meant????