To: StockDung who wrote (229 ) 3/30/1999 10:52:00 AM From: Eric Fader Respond to of 340
Hi Floyd - good to see you. How've you been? Answers to your questions: 1. James Ray is or was the largest shareholder of ITOY because he and/or Michael Berg probably formed the shell, like they did with Draco Technologies which became Softlink. I'm sure you can confirm that with the same type of research you did on SFLK. Anyway, first they tried to work a deal with the Empress of Interactive Games, but that didn't work out, so now they merged Virtual Games into the shell. 2. Asked and answered on the SFLK board. Berg and Ray own both the consulting firm and the transfer agent, which is not a problem, and use one office for two separate corporate entities, which is not at all unusual. I seem to remember someone suggesting that you, Floyd, are affiliated with a company that similarly shares its address with another corporate name. And dozens of my firm's small corporate clients use our office address as their mailing address for the purpose of filings with state offices. Are you suggesting that Berg and Ray be required to lease another office next door to the one they have now, so they can run each company out of its own separate office? 3. Because Berg and Ray retained them on behalf of both of the companies they advise. 4. SFLK, yes. ITOY, I don't know, but it would not surprise me if the SEC did want to check it out in connection with their informal inquiry into SFLK and its promoters. 5. Unlikely, since I received a telephone message yesterday from someone from "Buying Power" (they seem to have dropped the "International") and they are still the PR firm of record for IPVC. 6. Unlikely. OK, we're ready for your other questions. Nothing so "incredible" yet.