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

To: Jim Mills who wrote (3594)	8/26/1998 8:39:00 AM
From: J. Davies	Read Replies (1) \| Respond to of 3977

Jim - did you miss this little snippet from the 10-Q? ------------------------------------------ A claim has been brought against the Company and its Chief Executive Officer, James J. Palermo, by Sovereign Partners L.P. and Dominion Capital Fund, LTD. holders of the convertible debt alleging certain securities violations. Claims have been filed in the Bankruptcy Court and action has commenced in New York. Mr. Palermo has filed for indemnification from the Company under the company by-laws and applicable laws. In addition, the Company has notified the D&O insurer which has indicated its willingness to cover defense costs and liabilities and indemnities to the extent required under the policy. Both the Company and Mr. Palermo deny all charges and intend to defend vigorously. -------------------------------------------------------- JD