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chief

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Alias Born 09/02/2000

chief

Re: None

Thursday, 05/24/2001 11:32:32 PM

Thursday, May 24, 2001 11:32:32 PM

Post# of 81
Company officials stated that Quadrax will not file with the SEC-no 10Q or 10K. The company has basicaly no income generating capacity, the merger talks with Coleman Cable are defunct and EB will not put any more capital into this entity. The creditors are being offered 7 cents for their shares and have 30 days to respond. All shareholders are thus left with no recourse but to absorb the loss-one more time and this time it appears to be finality.

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