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To: Richard Phillips who wrote (770)	12/15/1999 11:09:00 PM
From: John M Connolly	Read Replies (1) \| Respond to of 796

Richard: I still have my shares but have written them off. Snelling really screwed a lot of his old friends out of a lot of money. I got in on a recommendation of what I thought was an informed investor - but he turned out to be nothing more than a bullshit artist. However I looked at the product myself and thought that it had possibilities. The value now is in the NOL carried forward. John