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To: Simon Shah who wrote (278)	12/2/1997 9:38:00 AM
From: J. Nelson	Read Replies (1) \| Respond to of 27968

Simon: Did Wescott give you the 7 to 10M share number? That's a float of 9 to 12Million shares. Of the total 20,000,000 or is it 20,000,000 + 7M to 10M more Im lost on the total issue stuff yet that's not much of a price of .10 cents for a Placement IMO. Heck on 7M shares that's $700,000 with the stock at .40 avg last week and the volume up the turn is .30 cents on 7M or $2,100,000 for the sell out of the issue IMO if it was added to the total float. Dam someone help me understand this soon, please!

To: Simon Shah who wrote (278)	12/2/1997 9:40:00 AM
From: JIN CHUN	Respond to of 27968

Dear Simon, please refer to older posts on this thread regarding the 504. eom.

To: Simon Shah who wrote (278)	12/2/1997 10:01:00 AM
From: John Fairbanks	Read Replies (3) \| Respond to of 27968

Ok... here's the story. I just spoke with Alexander Wescott and they gave me the following from the info packet Ira gave them to give to possible institutional investors. This information is accurate as of today. Total public float: 7.4MM Total shrs O/S: 20MM. Note that the 504 DID increase the float to 7MM from 2MM, but all of that has been factored in long ago and all the new shares are in the market. Also note that the reported EPS for the first 3 qtrs of .12/shr is fully dilluted on the 20MM. The company's estimate of .09/shr EPS is also fully dilluted. I'm looking for some money to buy more! :-) I also found out that I had in fact misquoted them in saying that a Fidelity fund was involved. The funds involved are funds managed by a company called Equity Research. He had said that the funds bought the shares through a Fidelity broker and I had misinterpreted this to mean that the funds were Fidelity funds.