To: dave brown who wrote (25219 ) 10/22/1998 3:31:00 PM From: Freddie Forte Read Replies (3) | Respond to
Dave....As a former shareholder, I think you can appreciate our current plight and what we are up against. As a former shareholder, your mostly negative implications serve no other purpose other than to exasperate the situation. Why? Why is our efforts to turn a negative into a positive look upon with such disdain? I ,personally, bashed this company alongside you for three months. They deserved it. Ira was lying every opportunity he had, fabricated numbers with relative frequency and, basically, was driving the company into the ground due to his lack of conscience, lack of any operational or managerial skills and lack of genuine concern. But Ira is gone. We had a stock promoter as president of our company. Ira was a loose cannon and f#$ked this company up. I think Arif allowed Ira full control, was gullible to a certain extent, and believed Ira was presenting the company in the proper light. Whether this is true or not, it will be Arif's defense, however. He will say he put Ira in charge and whatever Ira said, Ira's responsible for. Apparently, from what I gathered, the crux of the investigation deals with Ira Monas and not the company itself. Don't get me wrong, Arif is no victim in all of this. He's made some major mistakes and, I'm sure, he will be held accountable.
