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To: MB who wrote (9235)	11/1/1998 10:12:00 PM
From: MB	Read Replies (1) \| Respond to of 10903

...oops forgot about this one: In March 1998 FONIX CORP(FONX) does private placement ... _Tech__ (34/M/Denver, Co.) Nov 1 1998 6:51PM EST link: sec.gov >> In March 1998, the Company completed a private placement (the "Offering") of 6,666,666 shares of its restricted Common Stock to seven separate investment funds. The total purchase price to be paid by the investors pursuant to the Page 6 of 46 <PAGE> Offering is $30,000,000. Of that amount, $15,000,000 was provided to the Company on March 12, 1998, in return for which the Company issued a total of 3,333,333 shares of restricted stock, pro rata to the investors in proportion to the total amount of the purchase price paid by them. <<<< --------------------------------------------------------------- wanna guess who these 'funds' were and again who the agent was? well, I'll give you one hint: --------------------------------------------------------------- DOMINION CAPITAL FUND, LTD $4,250,000 SOVEREIGN PARTNERS, LP $3,000,000 EXCALIBUR LIMITED PARTNERSHIP $700,000 CANADIAN ADVANTAGE LIMITED PARTNERSHIP $750,000 ENDEAVOUR CAPITAL FUND, S.A. $1,300,000 All notices to be provided to the investors under the Agreement shall be sent to: Thomson Kernaghan & Co. 365 Bay Street Toronto, Canada Fax (416) 860-3610 Attention: Mark Valentine --------------------------------------------------------------- So what happened to FONX after this great deal ? well, like you had to ask. Before this private was done with Thompson and Valentine the stock was trading at $5.50 ... but soon after the stock starting tanking and is now only trading at approx. $1.00 Did Thompson and Valentine take illegal shorts positions in FONX stock after doing a private placement ? Why do these same companies that Valentine uses keep poping up time after time and companies keep getting killed after deals with them ? and the kicker is .... guess which MM is currently on the bid of FONX ? that's right, our old buddy NITE (Knight Securities) ah Mr. Valentine how many coincidences is that now... hint: maybe just about enough to convict your sorry ass for MANIPULATION, FRAUD, RACKETEERING, and a host of other charges..... but I ain't done with you just yet..... more to come stay tuned.