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Technology Stocks : YARC - Anyone following?? -- Ignore unavailable to you. Want to Upgrade?

To: jsabelko who wrote (117)	3/17/1999 10:13:00 PM
From: Catfish	Read Replies (1) \| Respond to of 230

Well, we are back down next to the 52 week low again. Darrell

To: jsabelko who wrote (117)	4/7/1999 11:20:00 PM
From: Dr Trevor Marshall	Read Replies (1) \| Respond to of 230

Joby: (re balance sheet and financials), I did not answer your question earlier for two reasons 1. I thought somebody else would, and 2. We have been VERY busy in the move YARC is a non-reporting company. This means that we do not file reports with the S.E.C. YARC was taken public by a market maker who in 1997 bought enough free trading YARC stock from past employees to make a float, and then applied to the N.A.S.D. to trade in that stock. Today the float has grown to 6 million shares (out of our total issued common stock of 16 million shares). We never had an I.P.O. We have never filed any paperwork with the S.E.C. Recently the S.E.C. issued new rules to ensure that companies like YARC make the detailed disclosures that public stockholders expect. Under the rules YARC has nearly another year to file these documents, but the Board has resolved to complete the task as soon as possible regardless of the statutory requirements. This will be quite a financial burden, as the additional costs of hiring auditors insured for S.E.C. work is quite high. We have been lucky to have already had the services of S.E.C. registered attorneys throughout this period. I hope this answers your question. Sincerely, Trevor Marshall DISCLAIMER: Nothing in this post is meant to induce the buying selling or holding of any security. This post may contain forward looking statements that are protected under the Safe Harbor provisions of the relevant securities regulations.