18                         MR. MONTAL: Your Honor, this is a phone call that
 19       was    placed on again June 22nd, 1998, at approximately 16:34

 20       military time, Eastern Standard Time. Now, your Honor, what's
 21       extremely telling about that phone conversation that we've
 22       just heard from between Mr. Sylver and somebody at the
 23       Depository Trust Company is that Mr. Sylver is simply telling
 24       someone at the Depository Trust Company that there seems to be
 25       an error on the position listing.

MAY - DIRECT                                                 39

 1               There is no conversation whatsoever about the fact that
 2         there are restricted securities, there are shares that are not
 3         supposed to be in JB Oxford's names that are out there because
 4         Mr. Sylver's counsel introduced into evidence as Exhibit ID a
 5         letter dated May 22, 1998, that's addressed to the Depository
 6         Trust Company attention Ms. Kathy Caziarc. That's
 7         C-a-z-i-a-r-c. And that letter purports to advise them all
 8         about the fact that the shares are now in JB Oxford's name and
 9         that we should -- that the Depository Trust Company should be
 10        on the lookout for these shares and how can it be that these
 11        shares are in the Depository Trust Company? There's not a
 12        word of that in the phone conversation we've just heard.
 13        BY MR. MONTAL:
 14        Q. Now, Mr. May, if I can please ask you to play the phone
 15        call for July 10th, 1998, at approximately 16:08 Eastern
 16        Standard Time.
 17                         THE COURT: I'm sorry. 16:087

 18                          MR. MONTAL: No. I misspoke. I'm sorry. July 10,

 19        1998. 11:05 a.m. I was looking at the wrong one.
 20               {Tape of phone call was played)
 21        BY MR. MONTAL:

 22       Q.        (Indiscernible) for a moment, please.

 23                          MR. MONTAL: Your Honor, I apologize. There are

 24        three calls for July 10, 1998, from the Amazon Natural
 25        Treasures to the Depository Trust Company. This was one of

ASSOCIATED    REPORTERS    OF NEVADA    (702)     382-8778

MAY - DIRECT                                                       40

  1         them. It's not the one that I wanted to play for purposes of
  2         making my point. I would ask that Mr. May play the next call
  3         which is also the same date, July 10, 1998, at 12:01 p.m.
  4         Eastern Standard Time. And I'm not sure if it's that one or
  5         the next one, but hopefully it's this one.
  6                           MR. LANDISH: What time, counsel?
  7                           THE COURT: 12:01 p.m.
  8         (Tape of phone call was played)
  9                           MR. MONTAL: Now, your Honor, if one listened
  10        carefully to that recording there were times where you heard
  11        two voices on the Amazon Natural Treasures side. And I
  12        believe one of them was just a couple of words that we heard
  13        from Mr. Michael Sylver. And the other one was somebody who
  14        did not identify themself on that call. But I'd like to play
  15        the next one which I think will clarify exactly who that
  16        person is. And that's also for July 10, 1998. And that came
  17        in at 14:20, approximately 14:20 Eastern Standard Time.
  18        BY MR. MONTAL:

  19       Q.      Mr. May, if you would play that for the Court, please.

 20               (Tape of phone call played)

 21        BY MR. MONTAL:

 22       Q.       Did the call terminate at that point?
 23       A.       Yes, it did.
 24       Q.       I didn't hear you. I'm sorry?
 25       A.       Yes, it did.

ASSOCIATED REPORTERS    OF NEVADA   (702)     382-8778

MAY - DIRECT                                                  41

    1       Q. Okay. Apparently after a number of trying -- of transfer
    2       efforts the call was terminated?

    3       A.      Yes.

    4            MR. MONTAL: Your Honor, I think that call represents

  5         the first time that there is a phone call to the Depository
  6         Trust Company that shows any concern about restricted
  7         securities, that makes any reference to the kind of issues
  8         that Mr. Sylver had testified he had called about in May of
  9         1998.
  10        There's not a word on that phone call about having spoken
  11        to anybody else about it, your Honor. And in fact the callers
  12        say we have this problem and we need to know who to talk to.
  13        I think the evidence is overwhelming, your Honor, that the
  14        testimony that we heard in this court was not true and honest
  15        testimony, your Honor. And I wish I was not in this position
  16        here today, your Honor, but it's unfortunate.