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To: The Swordsman who wrote (25901)4/19/1999 1:52:00 PM
From: Suzanne Newsome  Read Replies (2) | Respond to of 44908
 
Gordon's $5,000,000 revolving credit agreement which allows him to convert loan principle into shares at $.15 (A 60% DISCOUNT!) should be eliminated. This agreement is GROSSLY unfair to the stockholders. It is a holdover from TSIG's shady past. This is NOT the way 1st class CEO's conduct business. This agreement should go the way of Darrell Piercey--out the door! This would be a significant step in cleaning up the 10K. If this agreement were eliminated, Robert Gordon's share total would read 14 million (or 21 million?) instead of 41 million. Since the world revolves on perception and impression, sometimes it's important for share totals to not only "be" a certain thing, but to "look" a certain way. Regards, Suzanne P.S. Still trying to get through to Paul Henry.