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To: Sergio H who wrote (1078)	1/2/1998 6:51:00 AM
From: Cary C	Respond to of 2377

Hi Mike, i'm sure you are aware that IAIS is a fairly new ipo. I have never been a big fan of ipo's but that doesn't mean that they are bad. It just means I can never pick the right ones. LOL the first thing that really concerns me about this company is that they have virtually no cash. In September of 1997 they had $167,000 at the end of Dec 1996 they had 1.174 million. According to the third quarter results the company had almost as many liabilities as assests. Assests $143,120,000 to Liabilities of $137,452,000. biz.yahoo.com I think thr risk by not bw worth the reward in this situation. Cary It appears theren