To: M Murphey who wrote (27060 ) 3/18/1999 11:29:00 AM From: R. Murphey Read Replies (1) | Respond to of 27968
MM, Great questions all should consider. To the collective knowledge, and I believe in a company notice, there have not been any shareholder meetings since the company was formed in 1995, probably in violation of Texas law. Therefore, Mr. Sukey could not have been elected to the Board of Directors and to represent it that way would be "inaccurate"(I'm trying hard to be nice!). Again,I seem to recall a recent company statement that Arif Adam was the sole member of the Board of Directors (in violation of company by-laws?), therefore the term Board of Directors, in the current tense, is "inaccurate"(gosh it's getting tougher). Regarding the postdating, the proxy materials seem to have a number of inconsistencies, or inaccurate representations from the little I've heard and seen. Yet it all makes perfect sense, when you consider the history of events. IMHO the company and particularly the head of the company have to maintain a moving target, to say this ..... and to say that......, ....and "we didn't mean that.......we meant this...." to keep investors "off balance". Who knows, the postdating could mean more benefits for management this year, or it could be critical to some collateral agreement they have entered into. We don't know at this point. It could be as simple as they "goofed" (where have we stumbled on that before?) IMO, personally, when one considers sequential events from 1995, a much bigger picture evolves, along with the realization that happenstance may have had little to do with the course of events. I also do not feel "happenstance" has much to do with the proxy statements shareholders have been handed. Keep digging! Regards, Bob.