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To: myelin2 who wrote (24949)10/17/1998 3:31:00 PM
From: Dick Jaffe  Respond to of 27968
 
Unfortunately, the only satisfaction any of us may get from this fiasco, is seeing Arif and Monas go to prison . . . and from my experience in the criminal justice system, we will have a long wait for that!



To: myelin2 who wrote (24949)10/17/1998 5:10:00 PM
From: tonto  Read Replies (1) | Respond to of 27968
 
In most cases, I am afraid you are right. But, personal assets should be considered until one knows differently for sure. There is always a reason and a trail, whether or not it will be worthwhile to pursue privately is another question.

Shareholders should keep in mind, this is a company with $13,000 of office furniture as I recall, in absolutely terrible financial condition, and the officers were pretending to be big businessmen.

There is no conceivable way that all the past and current officers were not aware of the fact the company was losing money and business revenues. It cannot be considered a successful company by any stretch of the imagination.

Any person in the least bit competent would know their first morning on the job the company's cash balance and its liabilities. Randy lied. Never forget this.

Think about the financials. These boys knew exactly what they were doing and saying. No way could they have mistakened previous profitability. It was not a mistake.