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Technology Stocks : SSA (SSAX) BPCS/Client Server -- Ignore unavailable to you. Want to Upgrade?

To: MAURICE J. SADOWSKY who wrote (439)	1/25/1998 10:18:00 AM
From: MAURICE J. SADOWSKY	Read Replies (1) \| Respond to of 915

Another way to look at it--sorry about the typos in the last post--I get careless. From the SEC filing of 11-05-97-page 8 CONTROL BY EXISTING STOCKHOLDER; POTENTIAL CONTROL BY PRIVATE INVESTOR Roger E. Covey, Chairman and Chief Executive Officer of the Company, currently beneficially owns approximately 31.1% of the Company's outstanding Common Stock (approximately 23.8% on a fully-diluted basis after giving effect to the Company's recently-concluded private securities offering (the "Private Offering") and the Public Offering, and assuming conversion into Common Stock of the Public Notes and the Series A Preferred Stock and the exercise of the warrants issued in the Private Offering, the Selling Stockholders' Warrants and the Representative's warrants issued in connection with the Public Offering. Accordingly, Mr. Covey may have the effective power to influence significantly the outcome of matters submitted for stockholder action, including the election of members of the Company's Board and the approval of significant change in control transactions, and may be deemed to have control over the management and affairs of the Company. This significant equity interest in the Company may have the effect of making certain transactions more difficult absent the support of Mr. Covey and may have the effect of delaying or preventing a change in control of the Company. So if we start with 43.6 million shares (10Q 7/31/97) tune 31.1 divided by 23.8 we get 56.973 million shares less 138,000 convertilbe notes @ 55.371 equals 7.641198 shares. The difference is 56.973-7.641 or 56.965 million shares. Well I quit on this one--how much can you beat up a subject. Having the same problem balancing the debt line--We will have to wait for the 10K and trust the auditor--that is what they are for. Maurice