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To: EL KABONG!!! who wrote (12769)	11/21/1998 2:28:00 AM
From: wonk	Read Replies (3) \| Respond to of 26163

Presuming that #2 is the more desirable plan of action, don't the existing shareholders now have true legal basis for a court action against the company? IMO, yes. Also - IMO - I don't believe the corporate shield protects mgt and the Board from personal liability since this is blatant "self-dealing." Why should the common stock of company insiders be any more special than the common stock held by non-insiders? It is not. Can anybody bring this to the attention of the SEC or does a formal complaint need to be submitted by a current shareholder? This is so unusual, i.e., unthinkable, I do not know if there is federal regulatory jurisdiction. ww