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To: The Swordsman who wrote (27800)5/9/1999 11:44:00 AM
From: ztect  Read Replies (1) | Respond to of 44908
 
See.............

techstocks.com

".... I asked wouldn't the company be better off eliminating the credit line agreement which makes it appear as if Gordon owns 26.6 million more shares than he actually does. Mr. Henry agreed it would improve the 10K. He added when business conditions improve, the agreement would almost definitely be removed. Mr. Gordon's concern is if he removed the agreement now, and the worst scenario occurred, putting the agreement back in place would cause the shareholders additional anguish. Mr. Henry pointed out that he personally hoped that 26.6 million shares was never converted because it diluted the value of his investment also. He thinks the agreement will be eliminated eventually, but doesn't feel that now is the best time to do it. He added, however, that if a group of shareholders got together and asked Gordon to remove the agreement, he may do it....."