To: Rob L. who wrote (7413 ) 12/17/1997 4:45:00 PM From: TokyoMex Respond to of 31646
RobL I humbly report; 2 mill was always there, it was part of s3 and nothing new... What we are seeing is an amendment. CEOs registration is based on his options including his recent purchase (paid his own money not too long ago to buy). Renns 25,000 was option warrants deal a part of their original holdings. Only S3 being registered that will affect shares is the PP. Just got off the phone with CFO, He explained above points to me.. He is concerned about the erosion of the share price as any one else. TPRO has positive progress and work is going well. The reason for timely news is one; SEC registration has to be completed before they release any news or comments. Two it has to be approved by the client due to the confidentiality agreement.He expects positive news on both end and many more to come as we progress ,, For more details read follow up in the Club House. I mentioned to him that the confidentiality by the client is not such a factor as it used to be and he agreed, that clients are showing diffrent attitute,,, He says they can have many news releases with out the name... I pointed out from my ACLY trading experience that a news with no name dont move a stock but even a small contract news with a big name pops several points. He feels same way. So what ever news they will try to release with clients name. I also told him that I felt Scott was spending too much time with BLTI compare to his responsibilities to TPRO as well as not knowing all the issues involved with TPRO, on techical points as well as proving spontaneous answers to investors queries. He said he will talk with Scott. He wasnt aware that Scott was also representing BLTI. He thanked me for investor feed back and asked us to continue to inform him of small investors angst. Joe TPRO