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To: David McCleary who wrote (21213)	11/13/1997 8:01:00 PM
From: Bill France	Respond to of 41046

Do we actually know that the S1 has been accepted? Did I miss a post where it was so stated? If it has been and the release is out there, then tomorrow should be (I'm guessing) an up day in the price. If not,we will drift.... IMHO Bill

To: David McCleary who wrote (21213)	11/13/1997 8:13:00 PM
From: elk	Read Replies (2) \| Respond to of 41046

David, From what I gather, every fund, institution, etc. have their own criteria, whether it's a public policy of a fund or an internal guidline set by the head of a brokerage. There is most definitely a large percentage who use Nasdaq or exchange listing as a criteria that would prevent them from investing prior to such a listing. I guess my point was that a certain percentage of them would use the S1 acceptance as a threshold that once past, would allow them to invest. As far as name of institutions, the only ones I've heard mentioned were the ones listed in last Friday's amendment to the S1. NAME DATE SHARES CONSIDERATION Triton Capital Investments, Ltd... 10/31/97 35* $ 350,000 Banque Edouard Constant SA........ 10/31/97 50* 500,000 Banque Franck S.A................. 10/31/97 75* 750,000 Elara Ltd...................... 10/31/97 150* 1,500,000 Ellis AG....... ............... 10/31/97 10* 100,000 JMG Capital Partners, L.P...... 10/31/97 35* 350,000 Lakeshore International, Ltd......... 10/31/97 150* 1,500,000 The Matthew Fund, N.V................ 10/31/97 35* 350,000 Here's the link to the full S1 freeedgar.com Now I know why S1's take so long, it hurts the eyes to read all that!:-) Evan