To: The Philosopher who wrote (8603 ) 12/5/1998 1:07:00 AM From: Greg Hodges Respond to of 15313
Hello all: I have been in lurk mode for quite some time, I did receive my proxy today from Ameritrade, but I have to agree on the leaning toward a vote of NO. The excuse of "the lawyers told us to do this" in my mind is very lame. This vote for additional shares should have more meaning than what is printed in this proxy that we received. In order for us "the shareholders" to be voting on something of this magnitude implies management ALREADY has an idea of what they are going to do with the shares. They are just not sharing that information with us. As for the preferred shares questions that keep arising?? My conclusion is, "that in the event of liquidation, consolidation or mergers of companies, preferred shares would receive preferential distribution of assets available for distribution before any distribution is made with respect to the Common shares." Now for my small soap box. I am a little upset for the lack of information that has been provided by management. I never received my investors packet. I sent several emails and also spoke with XXXXX on the phone and was told it would be sent (NEVER HAPPENED). I also have yet to see financials (audited or unaudited) it doesn't matter just some figures. Also, not an inkling of what the customer base is yet either, I'm not happy with that. And I have yet to see two major improvements on the website (video, broker/dealers) key things here folks. And now we are asked to vote on an issue like this!!!! One last thing -- my comments are not based to being disgruntled, I am in the profit zone with my FNTN investment. I just felt it appropriate to voice my opinion also. IMPORTANT:: TAKE A CLOSE LOOK AT THE BACK OF YOUR PROXY'S AND THE DEADLINES THAT ARE MENTIONED. Regards, Greg Hodges