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Danielle-

07/25/06 2:56 PM

#33862 RE: labrador #33857

1.I am sure GTE's International attorneys Cleary, Gottlieb, who represented them in Moscow have a very fat file with enough due dilligence evidence, that proper processes and legal procedures were followed.

2. The Russian deal was already "in place" when Hotzone was acquired by GTE

3. The Russians renegged and defaulted...not GTE

4. Safe Harbor statements were accompanyed by each PR, with each PR, including the InterNafta, approved by AMEX

Facts......
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nerd86

07/26/06 10:31 AM

#34030 RE: labrador #33857

labrador I understand your position, with the exception of the Russian deal gone bad. Consider how many of the currently listed AMEX issues that have, over the last few years, had a deal go bad. This was a very large deal so possibly multiple check marks are placed against the company, instead of just one for a smaller deal going bad.

As a President used to say, let's reason together on this, is it reasonable to to increase the penalty to fit the size of the deal?

Yes it generated a lot of publicity for both GTE and AMEX, both good and bad. So if delisting can be accomplished due to embarrassing the exchange I believe they could successfully get it done. Isn't it interesting that embarrassing the exchange isn't one of the charges?