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Pastimes : SPIDER & RICO'S 'NO-BASH' THREAD FOR LGCY !!! -- Ignore unavailable to you. Want to Upgrade?


To: MICHAEL J ZWEBNER who wrote (241)12/6/1998 8:43:00 AM
From: Dean Dumont  Read Replies (1) | Respond to of 296
 
Mr. Zwebner, I guess being a director of a publically held US company entitles you not to answer questions from shareholders. Why is it you think you have that right? Is there something in LGCY you are failing to disclose. Like not filing an 8K for the assumption of the board of directors. The 8K for the $10 million dollar deal for the real estate. That wouldn't be asset enhancement now would it. The S.E.C and the NASD frown upon those tactics. And exactly how did that deal come about. Is it common stock in the amount of 10 million shares? And if you were going to do such a transaction, what percentage of ownership did the LGCY shareholders get diluted out of? Why didn't the LGCY former board take any ot his to the shareholders to vote upon? How did you and yours manage to gain control of a public company with out shareholder consent? Why is there NO FILINGS MR. ZWEBNER, what are you hiding? Why is it you have no answer for anything? Why do you wnat to run from your own company, but still remain on the board? Did the LGCy people prior to your assumption of control know that you filed for Bankruptcy, did you disclose that to them? Do they know who Mr. Walker is, and his affiliation to you? Why is Mr. Walker on your board of directors from Nevada Agency and Trust Company, and does he have any legal matters there, and WHY and if so aren't they disclosed by you prior to his appointment to the board?
You have a lot of issues that you need to address. Your own words are infront of you but yet you still do not wish to discuss them? There must be a reason, and I hope at this point, from almost everything I have pointed out here, the S.E.C and NASD gets involved in some type of investigation into these practices. Asset enhancement by the any accounting measure if audited, will be pointed out. You have NOT filed any of the appropriate paper work, and you have taken control of a public company. I guess you will have to explain that to the S.E.C and the NASD when the time comes.
But, I suppose your attorney will tell you that things are fine, like his opinion letters.