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To: Spots who wrote (175)	6/6/1998 10:19:00 PM
From: ftth	Respond to of 237

Hi Spots, as far as the procedure used to designate votes, I'm sure there is one (there's a procedure for everything), but I don't know what it is. Don't think it will ever affect me, so I haven't had any interest in finding out (I toss most every proxy I get (shame, shame); I constantly get proxies for companies I sold months earlier). As far as the float increase you speak of, I still don't follow how you're coming up with this, so it's hard for me to make an argument. I still stick with my original reason. Regardless of the changing of hands of the stock, there's still no change to any of the company's accounts. There's no new stock issued, and there's no change to the common stock at par value or additional paid-in capital accounts (which change with every newly issued share). It almost seems like you're dividing the float into multiple baskets, and as shares move from one basket to another, yes, the size of those baskets does change, but the float would still be the same. The only time the float increases is when there is an additional offering of registered stock (can be a primary or secondary offering), or when shares are sold under Rule 144 (these are never actually registered but they are accounted for and become part of the float with a Rule 144 sale). dh