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To: Rajiv who wrote (396)	2/28/2000 11:58:00 AM
From: redbird	Respond to of 524

Rajiv, I was not aware of this. I sold my trading position today at $27 (a 5 bagger) and am holding some shares as an investment. I called the company, but got a recording saying they were releasing there 10Q. I would be interested in your read of the loan for warrants filing. Can the company pay back the loan and not have to sell the shares at .25? Redbird

To: Rajiv who wrote (396)	2/28/2000 12:04:00 PM
From: Rajiv	Read Replies (2) \| Respond to of 524

I don't think they can buy them back now. Did you read the part on the change of conversion terms of the convertible notes (It is on page 2 of the SEC filing)? Regards, Rajiv

To: Rajiv who wrote (396)	2/28/2000 12:59:00 PM
From: Michael D. Christian	Respond to of 524

So percent of all outstanding shares does this represent, or would these be net new shares? I'm trying to understand if this is a sizeable portion of the existing shares or a fractional amount? Can anyone explain it please? Does this have an impact (on the share price) beyond those holders making a lot of money?

To: Rajiv who wrote (396)	2/28/2000 3:19:00 PM
From: EepOpp	Read Replies (1) \| Respond to of 524

$1.0 million in aggregate initial principal amount of senior convertible notes, bearing annual interest at 10% payable in kind or at the Company's option (or if the Company does not meet certain requirements commencing November 5, 2000), in cash, which notes ("New Notes") are convertible (based on their principal amount plus accrued interest to the extent such interest is paid in kind) into Company common stock at a conversion price of $0.25 per share, and mature in January 2, 2001; Rajiv, Thanks for the heads-up. It looks like the company can opt to pay out the 10% rather than letting the notes convert at .25 per share. Am I reading this correctly? If so, would management really choose that course to take? EepOpp