Obocon Inc. (OBCN)

[NLionGuy]

Tim,

When I asked that question over on RB some time ago, this was the response I received:

Hi Nitannylion,

Probably Randy could address your question the best, but I will take approach to deal with the questions. Brodbeck, as I understand it, used to be partners with Stan, the CEO of Clancysystems. I believe for years when the business first started up, both Stan and Brodbeck "paid" themselves with some clsi stock instead of paying themselves with just money. (This is just my perspective and could have errors in the way I understood it. Anyone feel free to correct anything that seems to be in error.)

Too make a long story short, Brodbeck had around 80 million plus shares and now has about 26 million shares left. A part of those shares were recently acquisitioned by some one in California who is part of CMTI. (see the attached news from clsi for this info.)

http://www.clancysystems.com/newsite/20030212.htm

Anyway the good news is that both Brodbeck and the person (Jim?)who acquistioned the shares from Brodbeck have an "agreement" to refrain from selling shares for a year. I have no guarantee that this agreement would be honored, but it seems that there has been minor selling in the last few months. So far so good. JMHO

I can not say if the relationship between Brodbeck and Clancy is amicable, but it would seem that Brodbeck can only sell his remaining 26 million shares. So that is a plus compared to the 80 million shares plus he used to have.

If the new aquirer of shares (Jim) is supportive of the company hopefully he will hold his shares tightly or only sell enough to get back his initial investment. BUT, who knows, I don't. It would seem to me though that if the company is doing better as a company that they still might want to hold the better part of their shares just to remain a part of the clsi picture.

Hope this helps a little. Time will tell.

Dave