SGE,you have a good agenda, the exact amounts could be argued,

Just to get them to agree to wait until $5 to start and only 10%

until after $10. How would you like that to be forced on you? If you

are going to be fair and reasonable, then think it out and come up

with a plan that is more palatable.

I have an agenda as well, last years letter to them for the SHM, I

asked them if they would be willing to tie their management incentive

plan to the share price. I got no response.

I like the share count grass roots effort going on, because I have plan

that as yet to be conveyed to Ron or anyone else before now.

You want to get rid of the warrants and get S&L out of our hair for

good. Very good goal. I want to get the managements hands out of the

till , for incentive shares or to play loan shark at will. A letter won’t do

the trick, however a very good planed out shareholder proposal at next

years SHM will.

Here is my idea, Ron gets about 6 months to gain backers of shareholders,

Then with a large enough count to matter, we draft up two or three

Shareholder proposals that will cover important topics.

1. Management incentive plan to be tied to share price on an upward scale.The pps to be argued out amongst us. NO free shares to them anymore unless they earn it.

1. Formally declare our debt to S and L paid in full and cut ties, purchase Outstanding warrants instead of paying dividends, (the dividends are Going to S and L , warrants qualify? (Screw that) seems like double Dipping. I don’t believe we could or should mandate them not to sell until over $10, however we Can tie PTSC’s hands to not give out anymore warrants or incentives to them.  After the warrants are gone and if we can afford to continue a repurchase program , then make a deal to buy them direct from them.

1. I would like to tie managements hands to not be allowed to loan money to companies that are in trouble and need cash. Their assets may not be worth the risk. Require them to bring risky loan sharking to a vote.As part of this shareholder proposal I would construct a committee of shareholders. This committee to be the ones to make the vote (dissension on how to spend the money and what to invest in ) I don’t see an umbrella …LOL This committee would be a group of shareholders that we name and list in the proxy and vote on at the SHM , once set up, the BoD would have to get their vote of approval before they pull another Holocom deal. Some are wondering why such a committee , that’s the BoD’s job , correct? Well some are wondering if our BoD are pawns, DP and CJjr were both installed on the BoD in 2001, however “but I know nothing” is very true in my case….BUT there would be no need of a committee if we had a larger BoD with  people we could trust to make the correct decisions……

    I was thing about voting my proxy and I ask myself who do I trust on this board to make the correct decisions, well I'm still not sure, I don't know much, I "think' CJjr is in for S and L , but DP was put in

at about the same time. I voted against CJ and for every one else , giving them the benifit of doubt.

Here is something to think about........with a grass roots plan, we could make darn sure of things...........HOWEVER- can we trust ourselves to make the big and or correct decisions? Do you personally want to make these kind of decisions?  Or, to just have a say in the matter.

After thought , I vote for a say in the matter, and maybe a couple of

very well thought out proposals to be proxied for a vote.

I hope you all really think about some of the things we gripe about.......really consider matters. Any business owner amongst us?

Could you do better? Do you know for a fact? Willing to bet a few hunderd million on it?