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To: SIer formerly known as Joe B. who wrote (4034)	4/29/1998 4:48:00 PM
From: Brandon Buttons	Respond to of 6467

Nothing big on volume today, very low. Small blocks, the highest being 20k another 3 or 4 10k and that was about it. We need some news or better than that more plants started. I don't think the numbers are going to show anything for the next couple of qtrs. but there will be a lot of hype about the numbers.

To: SIer formerly known as Joe B. who wrote (4034)	4/29/1998 6:12:00 PM
From: Ted B.	Respond to of 6467

From my point of view, if a company decides that their growth depends on raising more capital they then negotiate the best deal available. After all management are shareholders too. Of necessity there is dilution. I would rather they not starve the company for capital and therefore growth on the alter of non-dilution.(Pardon the mixed metaphor.) The company raised eight or ten million in convertable debt and the holder decided to convert and sell into the market. The Holder forces the stock down to bargain levels in order to sell out quickly. This is exactly what happened. The holder doesn't care because he always converts at a 15 or 20 percent discount. One might argue that it is better to issue equity in the first place. On the other hand the stock was way below $1.00 when the deal was done. Therefore thi financing was to the benefit of the company because it results in less dilution.

To: SIer formerly known as Joe B. who wrote (4034)	4/29/1998 6:12:00 PM
From: Ted B.	Read Replies (1) \| Respond to of 6467

From my point of view, if a company decides that their growth depends on raising more capital they then negotiate the best deal available. After all management are shareholders too. Of necessity there is dilution. I would rather they not starve the company for capital and therefore growth on the alter of non-dilution.(Pardon the mixed metaphor.) The company raised eight or ten million in convertable debt and the holder decided to convert and sell into the market. The Holder forces the stock down to bargain levels in order to sell out quickly. This is exactly what happened. The holder doesn't care because he always converts at a 15 or 20 percent discount. One might argue that it is better to issue equity in the first place. On the other hand the staock was way below $1.00 when the deal was done. Therefore thi financing was to the benefit of the company because it results in less dilution.