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Microcap & Penny Stocks : LENP.T (LXPYF-OTC.BB) Best story ever? -- Ignore unavailable to you. Want to Upgrade?

To: Micheal Stephenson who wrote (523)	9/17/1998 10:42:00 PM
From: Ben Marfield	Respond to of 619

<< If the stock goes any lower you may see new management anyway by attrition. >> The emotional/financial circumstance is not going to lead to a manager's leaving, if that's what you mean. Too much promise. Too much fun talking about the promise. The founding father no longer has the share of ownership necessary to control the firm. I'd prefer that he feel comfortable with the change to come, but here's the truth: though Ken excels in the technical arena, he must reduce his day-to-day oversight. The change must be unambiguous. If such a change is not announced within weeks, we ought to call in the lawyers. A successful legal strategy is possible, with the necessary steps costing at least $10,000 Canadian and maybe three or four times that. What a waste! But the expense may be necessary. The next annual meeting is February 26 in Toronto. << It is amazing that so many good people are involved in this. >> Most of the Lenox groupies are serious, competent, and more-or-less emotionally balanced.

To: Micheal Stephenson who wrote (523)	9/22/1998 3:23:00 PM
From: Euan Hayward	Read Replies (1) \| Respond to of 619

Micheal, if when you say that "so many good people are involved in this," you are referring to people involved in the daily operation of Lenox: Who precisely are you talking about? I have yet to see any remotely competent display of business acumen from anyone involved. I challenge you to name a person or department that has done an outstanding job. Even on a superficial level, Lenox doesn't have its act together. PR is almost non-existant, the accounting is sloppy (and months late) and the management tries to recycle its (very) few successes. Perhaps the most damaging fact is that, with the exception of Ken Kurple, the Board of Directors only holds 5100 shares of stock. This perhaps is the only item that rivals their rather dazzling lack of effort/skill. If, on the other hand, you are referring to the investors, you are similarly mistaken, as we have (or at least I have) maintained a position in Lenox in spite of all these things;)