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To: kvogel who wrote (1460)	2/4/1998 2:21:00 PM
From: Altaf Amin Jadavji	Read Replies (1) \| Respond to of 1773

Does that mean they are registering for immediate sale? Or, is the idea to get pre-authorization to sell them so that when they actually decide to do so they are not wasting time? Regards,

To: kvogel who wrote (1460)	2/4/1998 2:53:00 PM
From: Westergaard	Read Replies (1) \| Respond to of 1773

There's a misinterpretation here, Kvogel, which is understandable. On the surface it does appear as if insiders are registering 1.1 million shares for sale. What's actually occurring is that the shares being registered underlie old options which were never part of any option plan and therefore the shares need to be registered so the options and a nominal amount of warrants can be exercised. Think of it as a private placement. The company will will be selling shares to the option and warrant holders and receive $6.2 million. There is no indications that the shareholders exercising these options or warrants intend to sell stock into the market.