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To: James Simonick who wrote (7420)12/22/1998 9:53:00 PM
From: Warren A. Wilbur, Jr.  Read Replies (1) of 40688
 
Well Jim. could be. Makes sense. I am not too worried about the PP
,sure much rather see it offered to investors but your explanation makes too much sense, if they use it as a form of payment (and not to
raise cash) well that's why they gave them the shares at better than
market price, sort of like stock options, and if you think in terms of
stock options, 4 mil. ain't much these days in corporate America.

What will get me excited is if the total number of shares will get close to the Max number. But at this point we are not even close, we are still at about 42 Mil.

I did write to PNL today though and asked them to clear this issue .

No reason to get too excited, nothing has changed.

As far as announcements, I doubt they'll announce anything this year,
just makes a lot more sense to wait till Jan. That's what I would have
done if I was the CEO <G>

Regards
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