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To: Stan J. Czernel who wrote (13006)	12/12/1999 2:03:00 AM
From: Dale Baker	Respond to of 118717

JSB is our BINC expert so I will let him answer. It is definitely a speculative play, but worth putting 1-2% of your portfolio on the chance that it takes off one day. Downside is limited to the 4's here. Upside could be substantial.

To: Stan J. Czernel who wrote (13006)	12/12/1999 10:37:00 AM
From: JSB	Read Replies (1) \| Respond to of 118717

Stan, there is a world of difference between tagatose and all the other sugar subsitutes, it's those difference which give BINC somewhat of an unlimited potential. Firstly, tagatose is a full bulk substitue, whereby it can be used in exactly the same proportions as sugar in any and all recipes. Secondly, it has absolutely no aftertaste and tastes exactly like sugar. Thirdly, it is naturally occuring in nature and is derived from whey, a milk byproduct. Additionally, it is actually a benefit to diabetics and is said to be an appetite suppresant. If you consider the value of say a Hersheys or a Kelloggs using tagatose the amount of the contracts would be huge. Lastly, while MDFI owns the license to put tag in foods, BINC still owns the rights for any medicinal uses. I would not be surprised to see it used in candy, ice cream, diet soft drinks and much more. The bottom line is that once it's totally approved and production ramped, BINC is easily looking at something like 8 bucks a share or more in revenues and no expenses. For the sake of discussion, let's say BINC has 5 bucks a year in revs starting in maybe the second or third year of production, given a PE of maybe 9 or 10 and still growing, you can see the future of BINC. J