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To: Gerald Underwood who wrote (7817)12/24/1997 12:39:00 PM
From: Mighty_Mezz  Respond to of 31646
 
Gerry - re >>In this fast moving business climate, projections for a full half just do not carry validity and there is no need for the company to stick it's neck out to project this far in advance.<<

I agree completely!
Jenkins is too smart to be publically estimating revenues that far in the future.



To: Gerald Underwood who wrote (7817)12/24/1997 12:42:00 PM
From: Jack Zahran  Read Replies (1) | Respond to of 31646
 
Comments on the S-3/A:

The 12/23/97 S-3/A is only informative of possible future sales, but those sales will not happen until some things happen first. 70% of those shares have to become outstanding and this will happen under the following cicumstances: "exercise of outstanding warrants or options or upon the conversion of Series A Convertible Preferred Stock held by Selling Shareholders." There is a cost to exercising or converting these securities to outstanding shares that will go to TPRO, so many of the holders will not exercise or convert until it makes financial sense. In addition, those shares cannot be sold without an ammended filing first.

The other 30% are already reflected in the outstanding shares of the company. The S-3/A indicates that as of 12/23/97 no investor has made plans to sell. Evidently TPRO took the effort to contact those investors and ask them if they planned to sell. This is really good.

So, to date there will be less shares outstanding then we had estimated in the past would be outstanding when all the excersing and conversions were complete. In addition, we will be kept informed of any changes in status by ammendments to this filing. This is a much better filing then the previous S-3/A that caused some confusion.

Jack Zahran



To: Gerald Underwood who wrote (7817)12/24/1997 2:46:00 PM
From: Andrew H  Respond to of 31646
 
Gerry, well, we have our answer. Thanks for your take on the situation.

Jan, thanks for the clarification.



To: Gerald Underwood who wrote (7817)12/26/1997 3:16:00 AM
From: John Mansfield  Read Replies (1) | Respond to of 31646
 
This might happen with TPRO and it's customers also

Seen on the Y2K stocks thread. Applies to TPRO also, IMHO.

John

--------------------

To: P. Ramamoorthy (8532 )
From: Gerald Underwood Thursday, Dec 25 1997 11:22PM EST
Reply # of 8534

Ram,

This is very strong point. Considering that perception is almost everything,what would you as a CEO want your investing public or your clients to think in regards to your progress in fixing a problem that you were just FORCED to disclose to them by the SEC? A forced disclosure may imply a lack of faith, whereas a public press announcement of a voluntary association with a well known y2k remediation firm prior to seeing it in a 10-K will imply prior notice. Don't be too suprised to see a big rush for companies to get their names in print in this regard prior to their next annual or quarterly report. That means this should start happening right after the New Year as many companies become liberated from their 97 budgets. JMO.

Regards,

Gerry