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To: John Graybill who wrote (32248)4/18/1998 2:34:00 PM
From: Dave Gahm  Respond to of 53903
 
John, The last S-8 was on 11/27/96 and was for 2.8 million shares. The last 14A indicates less than 2 million outstanding options, so the big question in my mind is why is this S-8 so big??? Maybe they just don't want to have to file another one for 20 years or so? This is getting more and more intriguing.

Dave



To: John Graybill who wrote (32248)4/18/1998 3:08:00 PM
From: Thomas G. Busillo  Respond to of 53903
 
John, okay, that part there may be "normal" then. The business about it being against "public policy" and "unenforceable" just looked strange.

Good trading,

Tom


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