To: BORIS BADENUFF who wrote (22284 ) 4/10/1999 2:30:00 PM From: Bill Ulrich Respond to of 26163
Boris, not as a result of Mikey's legal complaint, at least. “Do you feel the potential exists for a short squeeze here? ” _________________________________________________ _________________________________________________ Judge George and Counsel: THE COURT: You're saying that this is just a money 8 question. 9 MR. MONTAL: A money case. And that's what every 10 single witness has testified to. Including Mr. Sylver. The 11 testimony is that if the $1 million had been paid at the time 12 that it was supposed to have been paid -- and, your Honor, all 13 we have right now is testimony from the plaintiffs that it 14 hasn't been paid. I don't represent Mr. Mann. I don't know 15 what happened. But the bottom line is it doesn't matter. If 16 the money had been paid these shares would be allowed to be 17 out in the market. There's no question about that… ________________________________________________________ Adequate need for the 'mandatory injunction' has yet to be demonstrated in these hearings, and Judge George has expectations: ________________________________________________________ THE COURT: 19 But you're going to have an additional burden of if as I 20 suppose could be argued, the actions of your client created 21 the problem in the first place why should I provide a remedy 22 for you folks if you haven't acted properly to begin with? 23 But all of the standard requirements, irreparable harm, and 24 if you really want to get the stock back, counsel is correct, 25 that's a mandatory injunction and there's a little higher ASSOCIATED REPORTERS OF NEVADA (702) 382-8778 257 1 standard for a mandatory injunction than all of the usual 2 elements necessary to get an injunction.