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runncoach

09/16/07 12:43 PM

#1410 RE: rstaats #1409

I'll say interesting considering the fact that Lewis has the company by the cahones thanks to the loan this spring. So much in fact we are now making payments on personal Lewis obligations for him. I appreciate your clarification. If it were to be voted on at the next shareholder's meeting instead of by the board, I'll spend my last dime advertising this thing to any "Alvis" holders in the local newspapers here in Wilmington to make sure as many votes as possible go against the sleeze that have "amendments" to their employment agreements. Let Cataldo show up in Wilmington and "sell" that amendment. If he were a man of his word he would have shown up here anyway in June, just like he promised he would back in February but...Anyway, thanks Mr. Staats for the clarification. Is there anyway for us to know if the late share registration penalty is gone? I know we were "accruing" well over 200k per month on that front. Is there a current estimate on that amount or was that entirely settled with that last financing agreements. Thanks for any reply.
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bloodhound99

09/16/07 7:26 PM

#1417 RE: rstaats #1409

well the good thing is that Tony and Shawn probably don't read this message board so we won't be giving them any ideas.

Just curious do the free shares become taxable income to Tony and Shawn as they are achieved (13% of 68 million) or when they are actually issued? How does the company show these 7.54 million shares achieved but unissued shares as liabilities in the financials?