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To: loonalone who wrote (110)	10/12/2000 2:02:59 PM
From: Raymond Clutts	Read Replies (2) \| Respond to of 326

I think that by resigning as a Director, Clark is trying to shed his fiduciary and statutory disclosure obligations (SEC rules) involving his purchase/sale of shares. That may be either as a result of his intent to tender a purchase offer or as a necessary prerequisite to trying to take this thing private (as posited by Sr K in a prior post) or as preface to trying to exit his remaining position without unduly alarming the remaining holders and collapsing what remains of this tent(my own perhaps excessively cynical speculation). Although, given the extent of the deflationary valuation the market has put on this stock recently there isn't much left of Clark's valuation to recover. That may mean that the options of a tender offer or going private are the most objectively rationale prospects. Still, Clark may panic like other web investors and try to salvage something from this wreak. ALL OF THIS IS SHEER SPECULATION ON MY PART AND NONE OF IT IS PARTICULARLY INFORMED BY ANYTHING OTHER THAN CURRENT PUBLISHED ACCOUNTS OF RECENT EVENTS. I listened to the back half of this morning's conference call and wasn't particularly enthused by the lack of specificity on projected sales and consolidated earnings. Did anyone else listen and what were your impressions?