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To: Earlie who wrote (198645)	10/18/2002 5:41:20 PM
From: MulhollandDrive	Respond to of 436258

i wonder how orderly the fund shareholders feel?

To: Earlie who wrote (198645)	10/18/2002 9:54:20 PM
From: ild	Read Replies (4) \| Respond to of 436258

Earlie, any thoughts on MSFT? (Aside from it biggest market cap). Do you see much upside in MSFT business? The new licensing scam is over. They have locked in a lot of stupid users. With PCs and PC software so mature I'd expect some low cost solutions to show up in the not so distant future. The desktop software should be cheap and reliable -- the opposite of what is present now.

To: Earlie who wrote (198645)	10/18/2002 10:47:32 PM
From: who cares?	Read Replies (1) \| Respond to of 436258

The depths of IBM's crapulence keeps deepening. From a form 424B3 filed by ADSX after close.(Basically they're issuing 9mm shares and some warrants to shareholders in the former business they merged into, i believe to settle a lawsuit). ADSX/DOC owes IBM credit 80+mm, the interest rates are on the order of 20%, but of course ADSX can't pay, it's a little nothing turd company that is begging not to be delisted. At the end of Sept IBM again renogiated the credit deal with ADSX rather than just take it over, and have to go ahead and write off the money. IBM got paid a million dollars worth of ADSX crap stock to redo the deal, lol, they better sell soon or it will be 100k worth. 80mm is not a lot in the IBM scale of things, but there's bound to be a lot of these. Our Third Amended and Restated Term Credit Agreement with IBM Credit, which we refer to herein as the IBM Credit Agreement, contains covenants relating to our financial position and performance, as well as the financial position and performance of Digital Angel Corporation. At June 30, 2002, we were not in compliance with our Minimum Cumulative Modified EBITDA debt covenant and with other provisions of the IBM Credit Agreement. In addition, Digital Angel Corporation was not in compliance with its Minimum Cumulative Modified EBITDA and Current Assets to Current Liabilities debt covenants. On August 21, 2002, IBM Credit provided us with a waiver of such noncompliance. As consideration for the waiver, we issued to IBM Credit a five-year warrant to purchase approximately 2.9 million shares of our common stock at $0.15 per share, valued at approximately $1.3 million and a warrant to purchase 1,849,000 shares of VeriChip Corporation's common stock at $.05 per share, valued at approximately $44 thousand. On September 30, 2002, we entered into an amendment to the IBM Credit Agreement, which revised certain financial covenants relating to our performance and the financial position and performance of Digital Angel Corporation for the quarter ended September 30, 2002, and the fiscal year ending December 31, 2002. Based upon our and Digital Angel Corporation's current level of operations, we are comfortable that we and Digital Angel Corporation will be able to maintain compliance with these revised financial covenants. However, if business conditions are other than as anticipated or other unforeseen events or circumstances occur, these may impact our and Digital Angel Corporation's ability to remain in compliance with the covenants. Although we would again request a waiver or amendment from IBM Credit, there can be no assurances that such a waiver or amendment would be obtained.