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To: Little Engine who wrote (24881)10/16/1998 6:25:00 PM
From: Kevin Kelsch  Read Replies (2) | Respond to of 27968
 
Interesting idea - but is it worth owning the company after it has to pay for all of both sides attorney fee's?



To: Little Engine who wrote (24881)10/16/1998 6:58:00 PM
From: R. Murphey  Read Replies (1) | Respond to of 27968
 
LE: Control WHAT?!?!?!?!?!?!

Is there really a company under there? Let's see.....

Re: 1997

Assets 235,629
Current Liabil: 1,666,077 (primarily due to failure to pay taxes)
Ops Cash Flow: (586,000) (excluding "Financing Activities")

For '97 they were only held above the surface by selling $790,000 worth of stock. Cash flow will be further reduced by $60,000 as the "CEO" extinguishes debt of "loan".

Sales decreased substantially.

For '98, they have increased liabilities through the tax liability assumed from Myriad acquisition in the amount of what .... 3.5 - 4.5 million.

With the major negative cash flows, it seems their only source of funds is the sale of stock. How many shares are left?

Just think how much better things would be if they had simply sold stock and invested it in safe instruments, forgetting about trying to represent themselves as a "business". Their slogan could have been "just send us your money,... we want to live well".

As always, these views are a humbled, warped opinion and I feel your pain.



To: Little Engine who wrote (24881)10/16/1998 9:17:00 PM
From: Lonnie A.  Respond to of 27968
 
LE, way ahead of you...

Be seeing you Arif,

Lonnie



To: Little Engine who wrote (24881)10/16/1998 10:35:00 PM
From: Victor Lazlo  Respond to of 27968
 
<< Forget money. Sue for enough stock to control the company.>>

Wow. Brilliant strategy, LE. Gain "voting control" ?? (not real managerial control, mind you) control of an entity that is on the brink of going defunct.

Hats off to your lawyer- he/she will make out- you will not.

Victor