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To: Tom Klempay who wrote (2367)	2/13/1998 8:38:00 AM
From: SHGLaw	Read Replies (1) \| Respond to of 9343

I hate to suggest something like this, but for the spo bid to be that high suggests that there is somebody trying to buy a chunk of this company on the sly through the SPO and willing to pay a premium. Tom's question, where was the interest 2 days ago, is a damn good one. If there was nobody interested in buying on the open market a few days ago, why would they subscribe above the market price? The only thinkg I can think of is that the SPO offers an opportunity to get a large piece, all at one time, without running up the price. What does this mean? I leave that to others to ponder. Bruce, seems like this one is right up your alley. SHG

To: Tom Klempay who wrote (2367)	2/13/1998 8:55:00 AM
From: AugustWest	Read Replies (1) \| Respond to of 9343

Tom, you're not alone, I too have been running that "stupid question" through my head ever since mention of the second offering. To me, if they we're interested in putting $$in the bank, why didn't they do things to raise the stock price. All legitimately of course. They should have rode the last wave and positioned themselves where they could get $15-$18/share. Yes, I too wonder why all the hype. Public reaction seems to be like this is a new IPO. ???I don't get it. Are those shares liquidable upron reciving them? I haven't heard anytrhing to the contrary, so I assume they are. BOOM, now we have more than 4X our recent average daily just waiting to be sold. Again, even at $11 why haven't all these people who want them been loading up in the $10 range. Strange indeed!! I would be surprised today if it holds even. But since stranger things have happened, I suppose it'll close above $14. Even if the shares are sold at 13 9/16, if the price it above that when they get their hands on them, I see chunks being sold on any weakness.Time will tell.AugustWest.