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To: OLD JAKE JUSTUS who wrote (1382)	10/20/1999 1:35:00 PM
From: Francois Goelo	Read Replies (3) \| Respond to of 1567

PHMG is holding well after HUGE RUN-UP: 1.01x1.125... The large Gap on the Bid side has closed down dramatically... Volume is low, as investors are now holding on to their stock... I am in the process of gathering more information on the Company from various sources... Total outstanding is 6 Millions shares instead of 8 Millions as previously reported... and the Optical Cable Network had a POSITIVE CASH FLOW of $6.5 Millions last year... A Private Placement is currently underway to provide additional funds... Message 11626591 Regards, F. Goelo + + +