Wednesday, September 24, 2003 11:54:11 AM
In my opinion, Dr. T. and the company is really testing our resolve. I continue to keep the faith, but it's not easy. We still don't know the justification for the 30M stock award to Dr. T, and while Dr. T. was pumping up the company to mjam, novicetx et al (who added to their holdings) in Texas, he disposed of 3 million shares or 10% of his holdings shortly thereafter. The form 4 filing also doesn't appear to comply with Sarbanes-Oxley, which requires notification within 48 hours. We're only now being informed of sales from early August. The January, 2003 newsletter also stated that any issuance of the newly authorized shares will be submitted to shareholders via proxy for approval. Anyone, please correct me if I'm wrong on any of this. I'm especially interested in comments from mjam and novicetx.
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