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To: eric deaver who wrote (8045)	8/10/1998 11:41:00 AM
From: jhild	Read Replies (1) \| Respond to of 11684

Eric, the SEXI affair had some good stuff to be sure. But I would say that it is not fair to compare those two here. At this point I see no active wrong doing on Jack Uselton's part, with regard to manipulating the stock price or siphoning funds to his private account. (Examples only.) But the fact that the Press Releases were allowed to stand, without modification, are more troubling. If the SEC comes back with a finding that the properties in question must be disclosed at their true cost basis or fair market value, that may only be (again example only) $5M to $15M, then I think he has a pretty severe credibility problem. Either he knew they were only worth that much and didn't move to correct the public statements, or he didn't know they weren't worth that much, in which case he may not be so astute in valuing acquisitions after all. So I think he will definitely have a problem if the valuations are not in the neighborhood of those releases. But as you say that all presupposes that these values are going to be found to not be as stated. At this point we just don't know.