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To: Milk who wrote (2476)	3/17/1998 6:14:00 PM
From: Bill Monahan	Respond to of 6654

<<<The notes are convertible at the option of the holder into common stock of the Company at 65% of the closing bid price of the common Stock for the business day immediately preceding the date of receipt by the Company of the holder's notice of conversion.>>> Would someone be able to tell if this has occurred? This could look pretty good if the conversion took place when the stock was 0.014(65%) = 0.0091 selling now would produce almost 250% return for a 3 month investment. Do we have to move to Europe to take part in Reg S investing? Bill

To: Milk who wrote (2476)	3/17/1998 6:17:00 PM
From: campe	Read Replies (2) \| Respond to of 6654

I never thought an 8-K describing a Reg S would look sooooo gooood. Folks, WE ARE A REPORTING COMPANY...