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To: James Harold Alton who wrote (4281)2/3/1998 5:42:00 PM
From: JOE MEDSKER  Read Replies (1) | Respond to of 4489
 
JAH,

The way I read that is the company will have to issue only $2 million in new stock because the balance of the $10 million will come from $3 million in cash and stock that will be bought back from insiders. When ever Joe buys a company and issues stock he attaches a buy back provision at a fixed price. Keep in mind this is my SWAG on it.

Best Regards