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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: MJ who wrote (13340)	5/26/1999 7:58:00 PM
From: seth thomas	Read Replies (1) \| Respond to of 14631

If this info is correct, I find it unbelievable that Phil, the CFO and the VP-Sales get off without paying anything. The auditor deserves to pay every penny, and IFMX as a company, gets screwed. It seems as if those execs had about $30 or 40MM in gains - they should be sued. Actually, I think they should be in jail. I worked with Phil (under Roger Sippl) and I knew Ron (he was junior to me at IFMX before I left)back in mid - late 80's. Perhaps the insurance company or the auditor will go after them. My guess is that shareholders who were impacted at that time will get about $1/share in cash and stock - based upon the amount of the settlement and the number of shares. I wonder what will happen to howard graham, who is now CFO at SEBL? Even more amazing is that apparently, according to the SF paper, Phil and howard did this before at their previous company (WYSE) and had to pay back $15MM in their own money.