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Microcap & Penny Stocks : CCEE Breaking Out -- Ignore unavailable to you. Want to Upgrade?

To: Donna Carey who wrote (11891)	9/21/1998 5:21:00 PM
From: Gary Green	Respond to of 12454

Donna, No response that I could tell. I sent out two demand letters: In March of this year, as a predicate to bringing an action in Equity designed to force the members of the Board of Directors of CCEE to live up to their fiduciary obligations, I demanded that the BOD do an investigation of its justification for retaining and rewarding the father & son team, and to report its findings to the shareholders, in writing. The purpose of the letter was to create a record for the court to determine if it was reasonable for the BOD to keep father & son at the helm, or if the board's inaction (by failing to remove them) and/or in rewarding them was obviously "capricious" and thus a violation of the law of Delaware concerning corporations. I received only a brief acknowledgement of my letter. Then I caused to be delivered: PROXY DEMAND LETTER SENT PURSUANT TO BY LAWS ON MAY 14, 1998. This "proxy demand letter" was sent timely, and reiterated, in a slightly different format, some of what I had demanded originally, as well as new matters to be placed before the shareholders in the next proxy solicitation. There was no response to this per se, but I know it was received.