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To: Bert Zed who wrote (4835)	3/12/1998 9:42:00 AM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 10786

Delbert, having not been involved with auditors, I'll defer to your opinion which would, obviously, point to some internal problems as regards exactly how to properly prepare their financials. On the positive side, we could rationalize that this is the first year-end where ALYD actually had revenue to speak of and thus we can chalk this up to a learning experience. On the other hand, and what I presume you are hinting at, is this may be just one more example of last-minute financial wrangling. Not being an accountant I can't say whether this is really that important an issue, but not hitting your marks certainly doesn't help. - Jeff

To: Bert Zed who wrote (4835)	3/12/1998 9:48:00 AM
From: JDN	Read Replies (1) \| Respond to of 10786

Dear Del: I am a retired audit partner of a very large CPA firm. International in scope. You are absolutely correct. However, if my memory serves me correctly ALYD hired a small non National CPA firm. Their resources would be limited and also their technical backup so anything is possible. Plus, I suspect with all their growth etc. and likely limited accountants themselves all kinds of problems are encountered with year end audits. Wont surprise me if they file for an extension on filing the 10K. JDN