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Monday, 05/09/2005 5:11:33 PM

Monday, May 09, 2005 5:11:33 PM

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You are so correct I think genearally speaking Chef jonathan Seems quite naive about wall street in general But Chef Joe impressed me as one that knows whats up for sure. I spoke with Chef Jonathan( who is out ir contact now) and i detailed my talk around the possibility of a reverse split. Since this is the one thing that we all feel can hurt us.

As far as revenues, os etc, Chef Jonathan had nothing to offer because of the auditing of books and impending filing with the sec. But everyone knows what chef Joe told me regarding the os. So take his word on it is my honest opinion.

Chef Jonathan said within two weeks all their books will be audited and everything will be out the door to the Sec. He wasnt sure how long they take. Mabe some posters here know that I personally dont.

Back to the subject of reverse split. He claimed he knew nothing about that subject at all . He was truely curious why noone would want one since I was claiming this was everyones concern and was strongly warning against one at any time in the near future. I went on to explain that shareholders usually get screwed in a reverse split especially with companys who are still dependent on outside financing. They run the other way when one is announced. The dilution usually continues and the sp slides from split levels. Plus I told him there is interest in the street building about your company since the Sec caught the ones that scammed your company. You dont want to do a reverse split, it at very least will scare off your shareholders and none of us want it now. I told him of my involvement on the message boards as I did with Chef Joe. I told chef Jonathan this is where the sentiment comes from about a reverse split. It is your common shareholders voice. Although i told him in some rare cases a reverse split can help a company. If they are now profitable and dilution has stopped mabe a split to get the shares in strong hands and make a move to the major markets is a good move at some point in time. Now remember Chef Joe told me he would never do a reverse split behind his shareholders back. It would first be filed with the sec and everyone would know why and when its coming Chef Jonathan seemed like he really learned something and thanked me for that info.

Chef Jonathan is excited about the news that cleared the company and excited about the sp boost. Which I told him came likley from the boards and or the news. Certainly the boards spread the good news. He told me there has been no news from the company because its truely a quiet time with the impending move. He was not at liberty to say much at all . I told him I expected his share price to rise dramatically even if the company has as much as 150m shares. But staying in touch with us once the move takes place is imperative to hold high levels. He said he planned on doing just that and would stay in touch often without fluff just solid news and updates once the move takes place. Again I told him we can hold a much higher share price without a split and if and when the company is no longer dependent on outside fiancing then mabe there will be a good time for one. But it must be when no additional dilution will occur. Again he was very very receptive to our feelings and agreed to stay in touch with me as via phone as time allows. Of course I told him I wouldnt call often just occassionally . I reassured him I understood he and all his assocaites are busy and the common share holders wont slow them down with useless calls and appreciate the open door policy

I will post if i remember anything else. but thats it in a nutshell in all honesty

Disclaimer: My posts are IMO, I am not a Professional analyst Do your own DD before investing/trading . My opinion is subject to change quickly depending on market conditions or other considerations!

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