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To: VIPER85730 who wrote (26988)	10/15/1999 8:38:00 PM
From: James Simonick	Read Replies (1) of 40688

<Any thoughts on this?> I find my thoughts hovering around 'meeting the letter of the law with poetic license included'. PNL is spinning a lot of plates. It seems that by their past history, their plans have included all the plates slowing down at the right time and then falling into the right place, in proper sequence. I was very surprised about the form 10 filing, as it was received and posted much earlier than I thought it could be. I was watching and calling the SEC frequently this late spring - early summer. To my surprise, it just appeared. At that point, by way of review, I just reminded myself how much I do not know about the inner workings of these legalities. At this point I would not expect NASDAQ for 3 months minimum, but the same problem exists - incomplete knowledge of exceptions. As far as the 10Q is concerned, I think that it may be up to 4 weeks or as soon as Monday. But more important, I think these elements will be done in a manner that meets requirements and provides for the best of the long investors interests at the same time. JMO, but it seems that this is integrated into how the company is working the overall plan.

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