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To: Jeffrey S. Mitchell who wrote (232)	11/16/1999 12:22:00 AM
From: Q.	Read Replies (1) \| Respond to of 924

The filing is like a blizzard of minor foreign countries, except that they omit Canada. Constellation was a company domiciled in Ireland and the British Virgin Islands. Why these countries? There's more: As of October 1, 1999, the Company had 59 employees, including 17 in the research and development office in Israel, 35 in the research and development office in Moscow, one subcontractor in Ukraine and five in management, finance and administration and one in research and development in North America. Notice the mention of "North America" Does that mean Vancouver? I'm still bugged that this looks like a Vancouver stock, but they don't disclose that in the form 10.

To: Jeffrey S. Mitchell who wrote (232)	11/16/1999 1:45:00 PM
From: surelock	Respond to of 924

My personal favorite: "In addition, over the next twelve months, the Company plans to increase its operating expenses from approximately $350,000 per month to $1,200,000 per month in order to fund research and development, broaden its customer support capabilities and increase its administration resources." With no money, and projecting 2 years of losses, the company needs to raise at least $30 million to fund itself...and that's if you believe.