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To: Tom who wrote (31607)6/23/1999 1:13:00 AM
From: ED S.  Respond to of 44908
 
Tom, Apparently this is an agenda item at the Board Meeting, If they do need additional financing they should discuss ALL the possibilities including a Rights Offering! They should be receiving advice from a their Corporate Lawyer and Accountants before proceeding.
Since we are not privy to ALL this information, it is difficult to say what further funds are needed. In recent comments by Bernie, and the Conference call with RG the funds required were suppose to be minimal.
As a shareholder the results of the meeting should help explain what occurs.

Best,
Ed



To: Tom who wrote (31607)6/23/1999 1:41:00 AM
From: ED S.  Respond to of 44908
 
Tom, P.S. What they do with the additional authorized shares to raise money is the important thing.

Previously an interested party wanted to buy 25% of the Company, if so, this would end additional financing through the PP Holders.

Best,
Ed


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