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To: REW who wrote (34634)9/9/1999 8:32:00 AM
From: Suzanne Newsome  Read Replies (2) | Respond to of 44908
 
Bob, I have to admit that a registration of 25 million option shares is not exactly the announcement I was looking for. To be more explicit about it, this is absolutely the last thing the company needs now, IMO. I believe management owes the shareholders some explanations. I am unable to call Paul Henry until next week. If anybody else is inclined to do so, here are some questions to begin with.

1) For what purpose is the company registering 25 million options at 5 cents? Does this not exacerbate the problem of unfettered dilution which the company is staggering under now?

2) Why have the terms of the 2nd PP not be announced? When will the terms be announced?

3) In management's opinion, what will total outstanding shares be in 6-12 months?

4) What is current outstanding shares?

Regards, Suzanne