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Biotech / Medical : NEXL -- Ignore unavailable to you. Want to Upgrade?

To: Anthony G. Breuer who wrote (1661)	3/30/2000 7:46:00 PM
From: Donaldm	Respond to of 1704

Tony: I bought some more today also. Many are upset because they feel that owning a large number of shares is more important than value. I own another stock in which the shareholders are upset because they were expecting a split at the last earnings release and didn't get one, thank goodness management didn't recommend a reverse. NEXL's management didn't come up with this reverse split idea because they thought it was fashionable, they had a reason and probably a damn good one. Time will tell and I hope for the best.

To: Anthony G. Breuer who wrote (1661)	3/31/2000 8:02:00 AM
From: John Grabiec	Read Replies (2) \| Respond to of 1704

Hi Tony, This reverse split is definitely not something they should have announced yesterday. Talk about bad timing! Like most true longs of this company, I am still making money on this, so my opinions may not "jive" with the investors that bought much higher. THEORETICALLY, this reverse split will be good for NEXL. Their float (as everyone knows) was WAY TOO much, and this will bring them to more managable numbers. Plus they are doing the split for the right reasons, not to "save" themselves from de-listing (which is the reason most companies use a reverse split). The problam I have is that 90% of reverse splits that I have seen have FAILED, regardless of the reason for the split.. So, I am very concerned. I honestly do not know what I am going to do. The action today will tell me. I truly DO believe in NEXELLS technology, but I refuse to wait another 3 or 4 years (or even 2 years) to get a return on my money. I've waited long enough. I can get out today with a considerable profit, so I am strongly considering selling (I'll keep a little for the true long run). For those who purchased high, I really do believe that you will make money. When I honestly don't know anymore. If Nexell has truly discussed with the institutions the float and reverse split issue, then there MUST be some support at this level. Nexl has announced the split (yeah, yeah we have to vote - but our votes won't matter one bit. Its already a done deal), so the institutions SHOULD now give us support at the $4 level. If not, then we may see mcuh lower in the next few days. If so, I'm gone. I can always buy back in. Like I said, I truly believe in the technology. I'll keep everyone posted as to what i'm thinking (and doing). Good Luck to all. Looks like we'll need it. -=john=-