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To: Carol S. who wrote (13901)	5/1/1999 12:40:00 AM
From: Bruce Hoyt	Respond to of 19109

Carol, yes Randy does own quite a bit of the company (from the 4/22/99 10Q): "In May of 1997, Stephen Randall ("Randy") Jackson acquired 6,822,499 shares of the Company's Common Stock from Mr. Fishkin, constituting all of the shares then owned by Mr. Fishkin. These shares represented approximately 47% of the Company's then outstanding Common Stock. Mr. R. Jackson acquired his controlling interest in the Company because he believed that Modern's catalog assets were underdeveloped and undervalued, and that cashflow from its music catalog could be used as a capitalization base for future recording projects. Mr. R. Jackson serves as the Company's Chairman of the Board, Chief Executive Officer and President. Of the shares purchased by Mr. R. Jackson from Mr. Fishkin, 2,550,000 are still registered in the name of Mr. Fishkin and are held in escrow by the Company's registrar and transfer agent, Pacific Corporate Trust Company. These shares may not be released from escrow without the consent of the Vancouver Stock Exchange, which consent is dependent on the Company's financial performance. Any escrowed shares that have not been released by March 28, 2001 will be canceled." It does not appear that Modern is doing that well though based on heavy losses the past year. Here is the link to the entire 10Q: freeedgar.com Bruce