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To: Glenn Petersen who wrote (498)8/12/1999 12:14:00 PM
From: AJ Berger  Respond to of 614
 
we're talking about the restricted shares now

yes, insiders holding are now at 50%, down from
the 70% mark they were before that selling you
describe, however those shares have already been
absorbed by the market. I was now concerned with
the threat of further dilution; which we won't have
to worry about simply because we'll have seen
the SEC filings these 3 guys will have to file as
notice, before worrying about any float increase.
Typically in other stocks where smaller portions
of restricted shares are sold such that no filing
is required, are a situation where the dilution
risk is real. This is simply not the case here.