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Microcap & Penny Stocks : tubbys -- Ignore unavailable to you. Want to Upgrade?

To: EL KABONG!!! who wrote (42)	8/4/1998 9:22:00 AM
From: t.gawarecki	Read Replies (1) \| Respond to of 55

Kerry, from the latest 10-Q. You can find TUBY's SEC filings at www.freeedgar.com. Hope this helps. Finally had a Tubby's sub last week on vacation.......Good Subs! . LITIGATION SETTLEMENT In January 1998, the Company entered into a release and settlement agreement with Patrick J. McCourt (McCourt), minority shareholder of McTub Company, in connection with the litigation between the Company and McCourt. The agreement required the Company to pay McCourt the sum of $200,000 which constitutes repayment of the principle of a term -7- note dated in October 1993. Also, in connection with the agreement, the Company paid McCourt $65,000 for his 49% interest in McTub Company. The agreement discharges and releases the Company from any and all claims with McCourt. -8-