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To: John Sladek who wrote (18299)	2/5/1999 10:23:00 AM
From: tonto	Read Replies (1) \| Respond to of 26163

John, you bring to my attention an excellent point regarding advantages in incorporating in Nevada. I had completely forgotten that: Nevada corporations may issue stock for capital, services, personal property or real estate, including leases and options. The directors may determine the value of any of these transactions, and their decision is final. state.nv.us; I will call the Secretary of States office to ask for further clarification. The way the above is worded, it would appear to remove the fiduciary responsibility of directors...which may not be good in the long run for investors. Thanks for bringing it to my attention.

To: John Sladek who wrote (18299)	2/8/1999 12:39:00 PM
From: tonto	Respond to of 26163

John, as expected, directors do not have carte blanche... Review of by-laws and articles of incorporation needed to answer some questions. leg.state.nv.us./nrs/CH_078.html Directors are around 300 Issuance of stock, class of stock...beforehand. Nevada corporations may issue stock for capital, services, personal property or real estate, including leases and options. The directors may determine the value of any of these transactions, and their decision is final. state.nv.us