Dear Shareholders, Several months have passed since I last told you of the pending sale of Intelligent Diagnostics Inc (formerly known as askRed.com or DrRedDuke Inc) to Dynasty Technologies. Unfortunately, the deal originally contemplated appears unlikely due to adverse market conditions and financing difficulties, which seem to be seriously impacting Dynasty's business just like many other businesses. Dynasty has been shrinking its operations and moving some of their operation overseas. We are currently exploring a new business plan with Dynasty that would involve a newly created company spun off from Dynasty as the principal vehicle for development of the diagnostic software and related products. Such an approach may be the best way to proceed. However, a newly created entity will face all of the usual problems as any other startup, plus it will be doing so in a harsh economic environment. If you have any suggestions, please advise. I regret that we still have this business in a state of limbo and wish I could offer some encouraging news based on signs in the marketplace. I'm sure you are seeing the same bleak outlook that the WEDGE team, Dr. Casscells and I are encountering as we continue to chase leads for new sources of funds. I will send more updates as the possibilities evolve. Please feel free to call me at any time....713 332 6856 (office) 713 667 5420 (home). Sincerely,
Answer: Update on Intelligent Diagnostics
For those of you who have already let me know you will be there, thanks. The rest of you better move fast because there is a limited amount of sleeping space! If you misunderstood, we will be staying over only Saturday night. Rod and I will meet you at the Starbucks in Town & Country Mall behind the Chevron station at 8:30am on Saturday June 9th. Once you pick up your latte, we will caravan to the beach house and fuel up (beer) for the traditional dad's only beach football game. Winners will dine on: Smoked Cajun Sausage Crab Stuffed Jalape?os Barbacued Shish Kabobs in a spicy mustard sauce Mixed vegetables, salad and garlic bread Loosers will cook. Sunday breakfast will also be provided. Bring: Lunch for Saturday (variability of arrival times precludes planning an appropriate meal), I repeat Lunch for Saturday. Snacks Beer Fishing supplies Beach supplies Cooler for the beer Mosquito repellant Sleeping gear Sunglasses And, did I mention beer? Vamos a la playa, ?? oh, oh oh oh, oh ? ?.
Answer: Beach Outing
Sales Tax to Rise by a Quarter of a Cent Finance: A 1991 law triggers a reduction in good times and kicks it back up during slowdowns. The state deficit means a higher rate on Jan. 1. By JULIE TAMAKI TIMES STAFF WRITER November 1 2001 SACRAMENTO -- Gov. Gray Davis' administration is expected to confirm today
Answer: FYI - LA Times story on sales tax increase
Per my voice mail message, attached is a draft memo regarding Brent's role in London. Any comments would be appreciated. Fernley and I plan to send this out sometime next week, prior to Brent's assignment starting on April 10.
Answer:
Draft Memo re: Brent's Role in London