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To: Nemer who wrote (14239)	5/11/1998 9:50:00 AM
From: Susan Saline	Read Replies (1) \| Respond to of 53068

morning all big money flowing into PEPsi 2, 100 k share trades at the ask cha ching!

To: Nemer who wrote (14239)	5/11/1998 12:48:00 PM
From: Ron McKinnon	Read Replies (1) \| Respond to of 53068

Dear Part Time >> would you please go through the explanation of "when issued"........? not on your life ggg PTFC PS so the right answer, as usual, is yes, no, and maybe?

To: Nemer who wrote (14239)	5/12/1998 6:53:00 AM
From: Ron McKinnon	Read Replies (1) \| Respond to of 53068

Tony >> would you please go through the explanation of "when issued"........? ok. here's the "book" explanition When Issued: used to refer to a security that has not yet been issued but that will be issued in the future. Trading in when-issued securities often occurs between the time that a new security is announced and the time that the certificates are actually issued. from : "Wall Street Words" by David Scott, Houghton Mifflin, 1988, pg 385 now that makes things as clear as the glass on your old tractor, yes?