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lazarus50

02/08/09 10:14 PM

#2709 RE: e-ore #2708

First - AngelHill - There is no preferred "10 to 1", whatever that means. There is preferred but it converts 1 to 1 so where that irresponsible comment came from, I am not sure. But it is an irresponsible comment.

Second - regarding the "greedy Wall Street" comment - In the 4th quarter the directors cancelled any management fees due, which means took nothing for the 4th quarter and outright cancelled about $36,000 in debt for services already rendered over the past two and a half years, in exchange for a dormant license that has no value to Amstar with Amstar having no investor interest. Do a google search on warehouse lines. You will quickly find out that the MBA has reported that warehouse lines have evaporated - down nationally from over 300 to about 20. The need is so severe that the MBA and others have asked for the feds to jump in and guarantee warehouse lines as an incentive to get investors back in the game. But back to the "greed" comment. Who do you think has paid for these filings, paid for the book keeping, paid to file the tax returns, paid to build the website, paid FOR the domains, podcasts, etc; paid for the annual reports and proper permits, paid for the venture capital efforts? Well here's the answer. All these costs were paid for by your directors. ALL of them.

Third - Surely you are aware of this recession? The mortgage industry has been accused of playing a major role in causing it. Go to the mortgage impode-o-meter site and read all about the effect of this recession on the lending community. So, would you invest in this industry? I don't mean as a penny stock investor. I mean as a person putting a million dollars at risk, however perceived the risk might be?

Now for the comment about ignoring the business. Msgboard says the directors are ignoring the business. You have got to be joking. That must just be a penny stock board talking point.

Finally, who in this group loses the most when things don't work out?

These recent posts have been misleading and insulting.

I am hoping for the best and wish them luck as they try to negotiate something of value for the shareholders.

Thanks for listening.