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To: Mickey who wrote (1644)	3/26/1998 11:48:00 PM
From: AH	Respond to of 8117

I would not worry at all about the authorized limit of 100, 000, 000 shares. Check some other companies on any stock exchange. They all have authorization that exceeds their current needs. And in many cases the limit is never reached. It might be quite handy when you start thinking eg about a split or raising capital for expanding manufacturing capabilities. Good luck.

To: Mickey who wrote (1644)	3/27/1998 7:37:00 AM
From: AriK-A	Respond to of 8117

Hi Mickey, All companies incorporated under the federal law usually carry an unlimited number of shares authorized. There is absolutely no implication with respect to that number since the outstanding shares are presently approximately 7,500,000 shares of which half are escrowed. Therefore, there is no need to take into account the number of shares authorized as it implicates nothing. Key = The Public float is around 3,000,000. Moreover, it would really surprise me to see them double these numbers in the near future. Hope this helps

To: Mickey who wrote (1644)	3/27/1998 8:23:00 AM
From: the Chief	Respond to of 8117

Hi Mickey. All companies applying for VSE listing or for that matter any CDN listing will receive an authorized 100,000,000 shares. Unless they are on probation. The 100,000,000 shares is irrelevant to this and every other stock. When the stock is listed it allows the company to grow without the VSE having to change the listing requirement. ie. If the number was 10,000,000, the day the company applied to surpass that would cause a significant amount of paperwork for the company and the VSE. Remember all requests for share increase must be approved by the listing exchange. So it doesn't matter of the number was 1 billion, it has no relevance. Welcome to the thread. the Chief