Loch Harris (Old)

[lmorovan]

posinvestor, if you read the Plan of Distribution, you will see the following:

Loch Harris will initiate the recollection of information about ownership of Loch shares about two weeks after the Effective Date that may or may not be May 30. All information will be handled by the Transfer Agent and the estimated time for the task is 60 days. Once the transfer Agent has all the information, it starts the process of determination of who is entitled to how many shares of CDEX, then the filling of stock Certificates for individual shareholders and for the brokerage houses, then the mailing out of those certificates. This process may take an estimated 30 days. Once the brokerage houses receive the certificates, they proceed to assign the proper number of shares to each account of Loch shareholders. I would estimate another two weeks for this.

So, if we add two weeks plus two months (60 days) plus one month (30 days) plus two more weeks, we could expect to have CDEX shares in our accounts within 4 months. If you add 4 months to May 30, you will see that our accounts will show CDEX shares by the beginning of October 2003.

Remember, all this in the best case scenario, with no delays, no problems in the way, and considering May 30 as the Effective Date.

Now, CDEX is planning to file the registration application in the first days of July, at it's 2 years anniversary. Based on the previous filing experience of last year, it is estimated that it may receive the approval by the end of July or beginning of August. It ie reasonable to believe that MP has already made contact with Market Makers to trade CDEX securities. This may place CDEX on the market within the first 2 weeks of August. Therefore, CDEX will start trading in August 2003, and we will not get our shares before October 2003.

I believe that if CDEX has any viable cotracts, they will be announced a few days before starting to trade, giving a strong push to the price per share for the initial days of trading. Of course, the Boys, the attorneys, the plaintiffs, the Private Placement investors and the CDEX insiders will be ready to trade their shares without having to be overwhelmed by a couple of thousand Loch shareholders that may be willing to bail out as soon as possible.

Do you think all this is coincidental? I don't think so. We are still dealing with the Boys and Co.

As a note, I must also remind you that the Boys have expressed their intention to dissolve Loch Harris as soon as the Settlement is approved. Accosring to the Nevada State laws and regulation, a company can legally take up to 2 years to dissolve. Since there is no time frame of distribution of CDEX shares in the Settlement, Loch can LEGALLY take up to 2 years to perform the distribution, and the Court can do nothing about it, since a time frame is not provided in the Settlement.

It is my strong opinion that we will not have our CDEX shares in our accounts by the time CDEX starts trading. Therefore, the Settlement is not working to the benefit of Loch shareholders.

Do we have a choice? Yes. If the Settlement is not approved, shareholders can retake the Derivative and the Class actions and claim the demand within them of celebrating a shareholders meeting with the purpose of voting a new slate of directors in Loch Harris. The new directors will then immediately proceed to perform the distribution and use any means necessary to delay the initiation of trading of CDEX until we all have our shares in our accounts. At the same time, the new BOD will initiate legal action as a corporation against the Boys to recover as much as possible of the ill gotten gains that they have robbed us over many years. Whether Loch Harris will continue in business or close down will be a decision made by shareholders. Any and all recovered assets will then belong to all shareholders, and if Loch will be dissolved, then the assets will be distributed to shareholders. But I have a hunch that once management is cleaned, Loch Harris may become a viable trading company with potential.

All this is the way I see our situation at the moment. Yopu may all agree or disagree, but read again my post before starting to calling me names.