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To: Labrador who wrote (1523)	7/22/1998 10:05:00 AM
From: Joe Bob	Read Replies (1) of 4122

How bout this from the S-2: The IDE at Strax and the Company was halted pending the receipt of the new laser. In November 1997 the CTLM(TM) was removed from Strax and, subsequently, the Company withdrew the first IDE. Did I miss the press release? Here's a slap in the face: If the Company utilizes the Equity Line of Credit or additional funds are raised by issuing equity securities, especially Convertible Preferred Stock, dilution to existing Shareholders will result and future investors may be granted rights superior to those of existing Shareholders. This part is a beauty: At present, due to the decline in the price of its common stock, the Company does not have available enough authorized common stock to convert its outstanding Preferred Stock should the Preferred Holders wish to convert. . . . The Company anticipates that it will need to increase its authorized common stock from 48,000,000 shares to 100,000,000 common shares in order to meet conversion demands. If I may sum up: We sucked you in with lots of promises we didn't fulfill, now we can't afford to pay ourselves disgusting amounts of money so we're going to screw you over and find new subjects to bilk.

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