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To: blue_chip who wrote (155)4/29/1999 10:15:00 PM
From: Rikee  Read Replies (2) | Respond to of 233
 
I wish to make the following points:

-this UTI deal is subject to the courts approval
-if the court does not approve it then it's dead in the water and back to square one
-nobody will be sued if the Justice rules against it
-the banks are looking to minimize their loses, they may feel better having Balm running things
-a $20 mil capital injection would make them feel much more comfortable
-some people are talking like the banks are in a conspiracy,I am sure this is not the case, they are just trying to minimize their losses as any of us would do in that case(near sighted I agree,but who knows for sure what the future holds)
-their just being CANADIAN BANKS read;ultra conservative
-the hearing is at 1pm on Friday,April 30/99
-I am told that the Justice hearing this case is not in favour of the deal with UTI and may be looking for an alternative anyway, because it does everything for the banks and nothing for the shareholders or unsecured creditors
-Balm's lawyer has lined up a Mr. Alan Shewchuk to represent other shareholders tomorrow

SHAREHOLDERS If you have not done so already PLEASE DO NOW!!


Send a fax or e-mail to: Mr. Alan Shewchuk @ Machida Mack & Shewchuk
with the following info:

Your Name
Address
Postal/Zip Code
Telephone Number (Home and Work)
Fax number (if you have)
email address (if you have)
THE NUMBER OF AND CLASS OF YOUR SHARES

This may be faxed or emailed to them.
Their fax # is (403)221-8339
The email address is
mms@3is.com

GOOD LUCK TO ALL OF US AND KEEP THE FAITH

PS: Welcome to ALBERTA all at UTI (thank you ,but we don't like the taste of shit!!) and god bless you Mr. Balm



To: blue_chip who wrote (155)4/29/1999 10:18:00 PM
From: Rikee  Respond to of 233
 
PPS : blue chip I tried to post on Yahoo but couldn't get the verification back could you please copy my last post here to the Yahoo board.txs in advance