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To: B. Ramsey who wrote (345)	4/23/1998 12:06:00 AM
From: nghi vu	Respond to of 402

there wouldn't be enough float for instituional investor to buy if we have a 1 for 20 reverse split.

To: B. Ramsey who wrote (345)	4/23/1998 11:54:00 AM
From: Joe Bourg	Read Replies (1) \| Respond to of 402

B. Ramsey -- One of the reasons I have heard that the price was kept under $5 is to avoid the possibility of short sellers entering the game right out of the chute. Of course that means avoiding "legal" short selling - who knows there may be some short sellers out there right now - although at these prices I doubt it. So with the stock price post-split hovering around $3.50 we still dont have very far to get to $5 -- but hopefully by that time we'll have some momentum behind us and can avoid some of the manipulation associated with the shorts. Lets keep our fingers crossed that this works!