From: "Khaled Akid" To: "maninfla" Subject: Re: results of BOD meeting of may 8 Date: Sun, 6 Jun 2004 22:53:07 +0200
Good day Frank, There is no intention of the BOD to follow up with the RS, we are all convinced that the stock deserves a chance for re-bouncing back to a real level. We are looking at PRing that. Thanks &Regards Khaled ----------------
also, on april 26 i was told that there was 44M OS and a float of 20M or so am trying to get current numbers
email communication of may 4, reaffirming they are debt free
Dear Frank,
Mr. Tavera, Mr. Schild and Mr. Bourekba passed me a copy of your email. We appreciate that, and we thank you so much for the interest shown in our company.
First of all the our stock value is in no mean reflecting the present real value of our company, its concept and its Business undertaken, it has caused us also some obstacles in achieving certain contemplated acquisition and made it difficult for us to raise and / or procure funds to tackle the highly profitable VoIP projects of the company.
The company is constantly progressing in term of operations, and we remained a debt free company as we are generating sufficient revenue with the SAT-DSL to cover our operational costs. Future operational steps like the implementation of Wireless Networks in Urbanization in southern Spain and the establishment of VoIP Point-to-Point Network with Hard-to-Reach destinations in Africa and the Middle East will lead to an important increase of our revenues hence the enhancement of our cash flow.
We are certainly not overlooking the present market situation of our stock, as we are currently consulting with our Legal Advisors to undertake certain necessary steps to rectify the situation and eliminate the discrepancies. Appropriate Press Releases in this regard will be communicated in time once decisions have been taken.
We have extremely good news to come but these will be only communicated to the market when situation of the stock has been rectified and improvement measures have been taken.
As the CEO of the company and in the name of the entire management team, I can assure you that we have zero intention to fail in our Business undertaken but rather to succeed and present problems must be solved for us to act and position our company where it should be.
Again, we thank you for your interest in our company.
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