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To: Spider Valdez who wrote (13137)11/24/1998 4:01:00 PM
From: Janice Shell  Read Replies (1) | Respond to of 26163
 
janice dear once stock is return to court it is out of market. judge will decide fate interpleader

Um, Spidey, in order for him to do that there must be a TRIAL. Why is it you have so much difficulty understanding this concept?

THE COURT: Well, let me ask. Is that a point that's
21 common with others so long as whatever it is that the stock be
22 lodged with the court? Do all of you object to that, so that
23 we can maintain the status quo until -- I can tell I'm not
24 going to be able to hear all that I'm going to need to hear nor
25 understand all that I'm going to need to understand about what

ASSOCIATED REPORTERS OF NEVADA (702) 382-8778

47

SYLVER DIRECT

1 appears to me to be something I'll need to study. Does anybody
2 have any problem with maintenance of the status quo?


----------------------------

THE COURT: Well, apparently, if I understand, Oxford
21 is willing, again, to subject themselves to maintaining,
22 effectively, the status quo and reserving the right to
23 interplead shares of stock that you might have, is that not so?

----------------------------

THE COURT: Okay. Let me take about a ten-minute
16 recess, and maybe you can talk together and get a resolution of
17 what you need to -- what you really want to do is maintain the
18 status quo until there can be a more complete hearing, is it?
19 THE WITNESS: No.


(lololololololol!!!)

20 MR. QUALEY: We would like to maintain the status quo,
21 but we -- and the whole point of seeking the injunction is the
22 shares have to be removed from the DTC (indiscernible).
23 THE COURT: No. That's more than maintaining the
24 status quo.

----------------------------------

20 MR. QUALEY: No. We're not interested -- we want the
21 status quo maintained, but we don't want this process to
22 continue where they're selling shares that they don't own.
23 It's --
24 THE COURT: Well, the parties before the Court are
25 agreeing to do that.

ASSOCIATED REPORTERS OF NEVADA (702) 382-8778

84
SYLVER - DIRECT

1 MR. QUALEY: But a necessary step in that would just
2 be to transfer the shares back to J.B. Oxford in the
3 United States --
4 THE COURT: Well, that's the next question. You're
5 talking about --
6 MR. QUALEY: -- which they appear to be willing to do.
7 THE COURT: What? They appear to be willing to do
8 that.
9 MR. MACLEAN: NO. They're --
10 THE COURT: But they have certain conditions given to
11 them that I have no authority to modify at this point. I might
12 look at it differently if you bring them in as a party, and I
13 can do something that's appropriate to help and not injure
14 third parties on the outside. But I'm not going to do anything
15 that's going to have an impact upon this stock artificially to
16 make it go up or go down.


-----------------------------

Clear enough for you, Spidey?