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To: Jon Siegal who wrote (246)9/23/1998 11:10:00 AM
From: ccportfolio  Read Replies (1) | Respond to of 359
 
Jon,

You may be absolutely right... but I think it is more prudent than foolish to protect from potential losses when the main business partner under which a company has previously based the majority of revenue...claims that 1) the equipment doesn't work, 2) renigs (sp?) on a purchase order that was touted as a major accomplishment.... not to mention that the stock price had been steadily dropping even prior to this announcement...

I was involved with another company who had a dispute with a major partner... it went to arbitration with the company all along saying we have a strong case, we will have a positive outcome... when arbitration results were announced the other company was awarded 1.9million dollars and the company I was holding stock in...went bankrupt...

I think USTT has great long term potential... but as a short term speculation it has more risk than reward possibilities at this point... I'll get back in, possibly even at a few cents higher than I got out... but only after I see some positive news coming out... not just assurances that losing a major partner is "no big deal."




To: Jon Siegal who wrote (246)10/3/1998 5:30:00 PM
From: slvfx  Read Replies (2) | Respond to of 359
 
Jon
Any word on the success of the raising of capital.
Are they showing in the hotel show in ny.
What are sales for the business express doing other than the amerisuites sale. All the coming indicator checks i see are from that contract signing. Any other announcements coming?Hows Ibm doing with the instalations. Has that started? Any further word with or from mbe in regards to the agreement violation? Did you also see that alphanet was mentioned in the same article that was sent out from inc. Hope you dont mind all the questions.the company has not been very good about updating their website.