Note to Members on OTA’s Response:

This response is posted to IOIA members to inform members re: the communication between IOIA and OTA regarding OTA’s actions related to the lawsuit.
The IOIA Board of Directors apologizes to members for some delay in posting this response from OTA.
This post does not imply that IOIA BOD and/or members accept as true or agree with these statements by OTA.

OTA’s Response:
As of May 23, 2006 OTA has not sent a written response to IOIA’s letter. However, IOIA received the following phone replies from OTA:

During that conversation, Mr. Margolis expressed his confidence that: