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?