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Non-Tech : Littlefield Corporation (LTFD)

LTFD 0.170

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Sep 29 11:29 AM EST

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To: Nittany Lion who wrote (8717)	6/8/1998 8:56:00 PM
From: Ed Pettee	Read Replies (2) of 10368

Gary-- Thanks for alerting me to that information. The reductions in salaries,consultant fees and the closing of the Austin office, certainly provide a significant amount savings. A couple of questions: Since the proxy statement issued for the annual meeting listed different salaries for Directors and Officers, than are evidently in place now, does this require another SEC filing, to detail the new salaries? Do I understand that these $2.0 million in annual savings, will contribute $1.0 million in savings to the bottom line for the last 2 Qtrs of this year. If this is so, doesn't that translate into a .10 per share more than is detailed in the base case? What am I missing?

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