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To: Annette who wrote (25002)	10/20/1999 9:29:00 AM
From: SLSUSMA	Read Replies (1) \| Respond to of 27722

The way NAVR has tanked, at least take comfort in knowing that EP lost bundles on this. Let's see, EP had what, 2 millions shares? NAVR has lost $7 since the IPO (50%). EP just got his holdings cut in half. Even if EP decided to sell, his 2 million shares outta bring the stock down another $3-$4. In reality, EP's NAVR holdings are worth about $6-7 million. Puts it all in perspective. Besides, EP has no credibility now, so it's not like he can find a job if NAVR goes under. USMA95

To: Annette who wrote (25002)	10/20/1999 10:06:00 AM
From: Anthony@Pacific	Read Replies (2) \| Respond to of 27722

FROM A PM, Anthony -- I have learned to have a grudging respect for your abilities you may or may not remember me I occasionally have been long just as you have shorted and posted that I thought you were right but a little early -- in every case you were right on time -- and I was wrong. I appear on MSNBC and FOX regularly often several times a week -- and occasionally on CNN. I am in the process of shooting a documentary on Wave Systems and am very interested in getting both the long's and the short's perspective. I understand that you may not be willing to talk to me while holding a position -- hell you may never be willing to talk to me. But I thought I would ask. I should disclose to you that I currently hold a long position in the stock but do not intend to air the documentary until the company has successfully deployed or clearly failed. I will abide by any ground rules you set including not hearing what you think until you exit any position you may be in. This is a sincere request -- I have no hidden agenda -- I just have always thought it would be a great project to take a stock and follow both sides as the company tries to deploy. Another great call -- I hope I get to show your side of the story. I have funding and believe that the company will cooperate -- thanks for your consideration -- sorry for the PM just thought this would be a good way to make contact. ID Protected BY A@P, ( memeber of SI )