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To: dwight martin who wrote (3310)11/16/1998 10:46:00 AM
From: Bob Biersack  Read Replies (1) | Respond to of 4748
 
Good deal...wish I could get one!!

September 30, 1998 and December 31, 1997 balance of $199,900) and (b) loans
made to four employees in the first nine months of 1998 (September 30, 1998
balance of $870,972). All of the loans were made to enable the employees to
purchase the Company's common stock by exercising options. The loans have due
dates that correspond to the respective expiration dates of the options exercised.
Pursuant to the employment contracts of the employees to whom the 1998 loans
were made, each loan will be forgiven if the respective employee remains
employed by the Company on January 1, 1999. Therefore, the Company is



To: dwight martin who wrote (3310)11/16/1998 12:37:00 PM
From: mike.com  Read Replies (1) | Respond to of 4748
 
I'm not a lawyer so I don't understand all that legaleese BS, so could somebody tell me if this is good news or not. All I see is that the company keeps doing preferred deals in order to keep the lights on and the shareholders poor. The common shareholders that is - the preferred holders always get a sweet deal. No wonder nobody wants to buy the common stock.


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