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To: Ice Cube who wrote (10527)11/4/1998 12:47:00 PM
From: Janice Shell  Read Replies (1) | Respond to of 26163
 
We won't know whether there's any business until they produce their long-delayed financials. Still haven't got round to filing their 1997 10K.

Yes, they've issued an AWFUL lotta stock in the last two years, but most of it's been a friends and family sorta thing. As for the rest, well, now Mike Sylver wants to cancel most of what he gave to other people. Mike really really doesn't like to release 144 stock once the restrictions have expired. He's quarrelled with three transfer agents about that so far this year. All three resigned. Now he's self-transfer, though we're not at all sure whether he's filed the proper forms with the SEC yet. If he has, we can't find 'em.

It's all very interesting...



To: Ice Cube who wrote (10527)11/4/1998 2:24:00 PM
From: Jeffrey S. Mitchell  Read Replies (1) | Respond to of 26163
 
My big question is why isn't this thing already recycled into a new shell.

Yes, I've been waiting for that to happen for some time now. At first I was thinking Abracel, but then Sylver would have to split the money with Loricchio. My second guess would have been bottled water, but that's been tried, so I guess I'll have to go with an "oil and gas" type shell takeover.

- Jeff