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To: JIN CHUN who wrote (2201)	1/29/1998 1:18:00 PM
From: Andrew H	Read Replies (2) \| Respond to of 27968

I agree the company looks interesting and the industry is exploding--is there a conference call schedule or a number? Agree line of credit is very positive. As far as the .40/share, assuming no further dilution (I don't think we can assume that, though), with 30M shares out, that would be a profit of 12M for the year. I'd be very surprised if the company can manage that, but if they can, it would be cheap at 10. Even if they can manage .20, they should sell at 4 with a pe of 20, which would certainly be reasonable for a company doubling its earnings.

To: JIN CHUN who wrote (2201)	1/29/1998 1:54:00 PM
From: Little Engine	Read Replies (1) \| Respond to of 27968

Jin, In that scenario (i.e., only .02 coming from recurring operations), doesn't another .38 seem a lot to hope for? I take it the .38 would come from Myriad (none of us has seen the audit) and other acquisitions (who knows what). Re: the financing... isn't it unusual for a bank to take shares of .27 stock as collateral? To borrow $5 million against that, I conclude (erroneously?), would take about 20 million shares of stock. To borrow less than $5 million... what's the point? What kind of companies can they buy for less than that, which will also truly add to earnings? Of course, one could argue that they don't need to borrow much -- that Ira has a good deal of money salted away (though I only see about $700,000 noted in the six-month financial report for last year). Well, if he does have a few million available, wouldn't it make sense to start the stock buyback now? I would think that would help the stock price. Just my opinion, L.E.