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11/23/09 7:49 PM

#50306 RE: fink #50275

fink - Dean was NEVER an investor-shareholder of the original Equus. Equus was nothing more than a bag of s*** when the former shareholders (myself included) got rid of the slim running it, and took control. It had no business, no money in the bank, lots of debt, and lots of restricted shares issued for no value received. Equus merged with Quasar earlier this year, March 2009, at which time Watson Jr the acting former president resigned and turned over the presidency to Dean, he remained as a director until late June. Zell the former chairman, secty-treas, resigned as chairman but remained as secty-treas, until he resigned a few months ago. As I understand it, both Watson & Zell, caretakers of the merger agreement for the benefit of the former Equus shareholders, are both completely satisfied with how Dean & Lisa have been handling the situation, otherwise they would have remained on board. Lisa Betros and her extended family were original investors in Equus, and as I understand, they too are gung-ho as to how things are progessing. Hope this helps you understand the situation a little better.

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