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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU) -- Ignore unavailable to you. Want to Upgrade?

To: Larry Macklin who wrote (2811)	2/17/1999 11:50:00 AM
From: mark silvers	Respond to of 5143

Larry, One thing you forgot to mention was that there later turned out to be a secret deal between members of Naxos mgmt and their families and J/L. When Naxos mgmt was doing a big deal with J/L they were also in a very real sense, putting big money into their own pockets. that was how the deal was structured, to the best of my knowledge. it was all very shady. I wonder if when lett says he shares the same values, it includes those same kind of sweetheart deals? Also, I heard, (dont know if it is true) that they wanted options with no holding period to get the deal done. If true(big if) why would they want that? and is that the deal here? Mark