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To: Mighty_Mezz who wrote (2324)	6/19/1999 3:38:00 PM
From: Janice Shell	Read Replies (2) \| Respond to of 7056

Consider the tales of holders of convertible debentures shorting in offshore accounts, then covering with the cheap shares they get when cashing in their paper. I could be wrong, but I don't believe it actually is illegal. It is, in fact, the entire point of such arrangements. Simple arbitrage. I do think, though, that these are loopholes in our securities laws that should be closed. It IS illegal to short on a downtick. And, for example, for company insiders to short in some circumstances. A company cannot, for example short against its own treasury shares, as I understand it. Any securities lawyers out there care to comment?

To: Mighty_Mezz who wrote (2324)	6/19/1999 3:43:00 PM
From: Janice Shell	Read Replies (1) \| Respond to of 7056

Why was the new firm which management chose [little company I've ever heard of] not recommended or approved by the Registrant's Board of Directors? Sorry if I'm not quite tracking here, but did they ever file an 8-K announcing the nomination of new auditors? Material event, you know.