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To: Karl Drobnic who wrote (7387)	12/17/1997 1:02:00 AM
From: Karl Drobnic	Read Replies (1) \| Respond to of 31646

It looks like I was wrong about Ren Cap. The Series A Cv Pfd is being registered. That is the Pfd. placed with ProBridge Futures Capital. ProBridge's pfd converts at the rate of 10 shares of common for each share of pfd. They also have a ton of warrants. So it comes to just over 1.82 million shares of common. ProBridge was linked to S. Bathgate earlier on this thread, and Bathgate was linked to Wall St. West. That post alleged that Wall St. West had some trouble with the regulators. As I recall, we didn't really check out that post. My apologies to Ren Cap. They appear to have registered only 25,000, as others noted.