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KENNETH B. THOMSON, C.P.A
P. O. Box 1683, Center, TX 75935
September 6, 1998
The following testimony is based on my knowledge, experience, and information furnished to me which I believe to be true and correct. If called upon to testify as a witness, I could and would do so competently.
I have known Steven (of The Strategic Consultant.org) since 1992 and have found him to be a hard worker with a concern for the investors. While serving on the Management Committees of two wireless cable partnerships, Steve and I had regular conversations as to what was necessary to achieve a substantial profit for the investors. We each worked in our own way to keep the partners and committee members informed and working together so that necessary changes could be accomplished quickly, to raise the needed capital necessary to grow or develop the businesses, and to combine these two partnerships with similar third partnership for liquidity and access to the public capital market. Even though all of our goals were not accomplished because of the focus of the other members of the management committees, the partnerships were all sold at reasonable profit. Members of the three different management committees have since agreed with us that had our recommendations been followed, the investors return would have been substantially and significantly greater. An example of a partnership that was sold for a profit is one where I was Chairman. It started with an investment of $7.2M in a disarray of a limited number of channels, no equipment, and only $125,000 in working capital.
I will be happy to furnish any additional information if necessary.
Under penalties of perjury
SIGNATURE ON FILE
Kenneth B. Thomson, C.P.A
One of the most knowledgeable and creative professionals in the field of financial strategies, my dear friend Steven (of The Strategic Consultant.org), with whom I often collaborate during the past 20+ years, has suggested that I am on the team of consultants working on your Special Situations 1, LLP…
… Steven is a strong proponent of the adages: (1) haste often makes for waste; and (2) it's far better to be safe than sorry". You can depend on us to make certain that whatever we do will be in complete compliance with all the prevailing rules and regulations governing financial instruments - from the most elementary to the most complex. Personally, I make no pretense at modesty when I inform prospective clients and customers that in 30+ years of activity in a galaxy of financial affairs: mergers, acquisitions, joint ventures, "turn-arounds", start-ups, franchises, and public offerings, my record is unblemished managed without a single inference of any irregularity. This includes being the Officer of SUPERVISORY Jurisdiction in a 20 state region during 17 years for a Wall Street Broker/Dealer. Through those years, I've dealt with the proverbial "bottom-fishers" (money strippers) and "white-knights" (rescuers). This taught me that adversity creates opportunity for responsibly, capable people…
If this is your first chapter with Steven, be patient. He'll do it right - or not at all.
Very truly yours
SIGNATURE ON FILE
Stuart Felton