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Re: weo1998 post# 9007

Friday, 08/20/2004 12:26:40 PM

Friday, August 20, 2004 12:26:40 PM

Post# of 54005
Weo

So if the CEO makes public statements that makes them facts? I don't think so - that's why there are disclaimers in every PR and CEO letter - "forward looking statements and my personal comments".

We could go through letters, con calls and many items in the past that have not come to fruition. Example company estimate 12/03 from the factsheet in the IHUB profile 2004 revenue $6.5M and $1.5M profit? Time will tell on that one huh?

The company would have loved to resolve the debt issue years ago and they have not been able to and it has grown higher. If resolved soon it will come at a price. Why would the debtholders settle on money they are owed? The company's only liquid asset is their stock and at this price - how much dilution will the settlement of $10M in debt @.30 create??? It seems the company has contracted with a debt mgmt firm and my opinion is they go to the debtholders and say the company is in no position to pay you in full - take 40% or ? as payment in full. Under my assumption that would mean $4M coverted to equity which is $13+M shares to the outstanding @ $.30 if agreed to and motivated sellers at that.

These are my personal comments to coin a phrase.

Other thoughts?



These are my personal comments, observations, opinions and should not be relied upon for any investment decisions, and as always read the SEC filings for the facts of the company

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