EX-3
from SC 13D/A
4 pages
The Board of Directors of Schlotzsky’s, Inc. C/O Pike Powers Fulbright & Jaworski Llp 600 Congress Ave Ste 2400 Austin, Texas 78701 Re: Schlotzsky’s, Inc. Pike Powers May 25, 2004 Page 2 Essentially, We Have Reached a Point Where the Board of Directors Must Make the Choice Between Allowing Schlotzsky’s to Receive Desperately Needed Additional Capital, and Avoid Likely Looming Insolvency, or Bank Its Future on the Leadership of John and Jeff Wooley. It Is as Simple as That
12/34/56
