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Non-Tech : Earthshell Corp. (ERTH) -- Ignore unavailable to you. Want to Upgrade?

To: DUKE who wrote (42)	8/5/1998 10:18:00 AM
From: Paul Berliner	Read Replies (1) \| Respond to of 409

But ERTH has yet to receive a single license fee or milestone payment from anyone. $32M of the IPO proceeds went to pay off a loan from Esam K. to his own Company, and he also sold shares in the IPO. Also, with $2 a share in cash, why are they delaying the redemption of the outstanding convertible preferred stock? If it looks like a rat and it smells like a rat, chances are yes, its a rat. P.S. It doesn't seem like they've had much progress since the IPO, unless you consider a draft for the design of a facility progress. This is stuff they should've ironed out long ago. They're stalling.