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KauaiPI

07/08/01 10:32 PM

#46 RE: timhyma #45

hey Tim~ I know what you are feeling about the "magnificent" 14 ... it doesn't feel right to me either for some reason! And to show a "schedule" that doesn't list their names I find bothersome.

BTW, they "subsequently" agreed to a share price of .10 on conversion so I am looking at that as 5M shares of future dilution to the unknown 14

Add that to the 1.4M given for consulting that they used then cancelled in favor of the bigger numbers from the Debenture placement, added to the 400,000 shares to another consultant and I think the 10% still owing May Davis and this is starting to add up to some serious cost/dilution, no?

Things that make you go hmmmmmmmm! They must have been in a real bind but thankfully appear to have had more options open to them than most small businesses in their position.

I found myself wondering if this was delayed to assure the 2/3 needed vote to increase the outstanding shares and the move to Nevada where these decisions will be even easier for management to make sans the need for a vote or a vote greater than 50%?

I still believe in trust and faith ...just not blindly hence the, "LuCeeE, u'vgot sum splanning to do"

best to you!
kp

PS and then there are the mtr50's on the Rb board that post;

Ok, so now what? I have read all the postings, and the filing, is the company in trouble or is this just stock talk, I'm long here and will be buying more Monday morning, some of which is for my IRA. My gut tells me this is a good company, and that share price will go up, like I said I'm long and can afford to wait

I mean, what can you say to that?