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To: esecurities(tm) who wrote (2225)8/13/1998 10:26:00 AM
From: esecurities(tm)  Respond to of 4231
 
Lernout wins counterclaim against Alpha...

source: &copy 1998 biz.yahoo.com

...how good/legal integrity/binding... can the Data Becker, NewKidCo, MS Flights Sim add-ons, Online Merchant Stumpworld ....et al agreements be?...

...cause for Rabins' [immediate] removal?...also owe legal fees...or was this [just] a ruling on the counterclaim?

a recent letter to managment

Steve Schneider

With all due respect Steve, you guys mailed out your annual report
accompanied by your management proxy for the shareholders to vote on and in
your annual report "MESSAGE TO THE SHAREHOLDERS" [and in the May 1998
Annual Shareholder Meeting presentation] the Rabins painted a very upbeat
picture of unlocking SoftQuad shareholder value and in that regard of its
hiring of William Perrault as Vice President of Marketing. Furthermore,
there was no mention of a likely/possible NASDAQ delisting, [including
within United States SEC Form 20-F] and no formal disclosure of the sr.
management non-recourse loans to purchase common stock within a Company
which appears to desparately require cash to implement its [historically
questionable] business plan and admittedly extremely poor/non-existent
SoftQuad [HoTMetaL] Inc marketing effort(s) [confirmed by Jonathan Sachs].
These omissions and appearance of sweeping material facts under the rug
just don't instill a lot of confidence within your [loyal] shareholder
base. Actually it makes us feel very uneasy and actually opens a pandora's
box as to why?

What stinks? is that the shareholders voted for management pursuant to said
[May 1998] proxies hence pursuant to alleged gross
misrepresentations?/omissions. The subject of our concerns simply do not
appear to have been ethical and certainly not pursuant to accountable
corporate governance.

Accordingly, I am [very] concerned.

esecurities corporation
shareholders (NASDAQ:SWEBF)(TSE:SKI)

cc: Richard Rabins



To: esecurities(tm) who wrote (2225)8/13/1998 10:27:00 AM
From: esecurities(tm)  Read Replies (2) | Respond to of 4231
 
Lernout wins counterclaim against Alpha...

source: &copy 1998 biz.yahoo.com

...how good/legal integrity/binding... can the Data Becker, NewKidCo, MS Flights Sim add-ons, Online Merchant Stumpworld ....et al agreements be?...

...cause for Rabins' [immediate] removal?...also owe legal fees...or was this [just] a ruling on the counterclaim?

a recent letter to management

Steve Schneider

With all due respect Steve, you guys mailed out your annual report
accompanied by your management proxy for the shareholders to vote on and in
your annual report "MESSAGE TO THE SHAREHOLDERS" [and in the May 1998
Annual Shareholder Meeting presentation] the Rabins painted a very upbeat
picture of unlocking SoftQuad shareholder value and in that regard of its
hiring of William Perrault as Vice President of Marketing. Furthermore,
there was no mention of a likely/possible NASDAQ delisting, [including
within United States SEC Form 20-F] and no formal disclosure of the sr.
management non-recourse loans to purchase common stock within a Company
which appears to desparately require cash to implement its [historically
questionable] business plan and admittedly extremely poor/non-existent
SoftQuad [HoTMetaL] Inc marketing effort(s) [confirmed by Jonathan Sachs].
These omissions and appearance of sweeping material facts under the rug
just don't instill a lot of confidence within your [loyal] shareholder
base. Actually it makes us feel very uneasy and actually opens a pandora's
box as to why?

What stinks? is that the shareholders voted for management pursuant to said
[May 1998] proxies hence pursuant to alleged gross
misrepresentations?/omissions. The subject of our concerns simply do not
appear to have been ethical and certainly not pursuant to accountable
corporate governance.

Accordingly, we are [very] concerned.

/s/esecurities corporation
shareholders (NASDAQ:SWEBF)(TSE:SKI)

cc: Richard Rabins