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To: Turboe who wrote (153)	6/12/1998 12:06:00 PM
From: Mr.Manners	Read Replies (1) \| Respond to of 1702

I agree with what you're saying in valuation terms... just frustrated with the stock rot

To: Turboe who wrote (153)	6/12/1998 12:59:00 PM
From: Edward Mamula	Read Replies (1) \| Respond to of 1702

Turboe, let's take that analysis one step further... There are 515,000 series A preferred shares outstanding that will convert into 1,390,500 common shares. There are 150 series B preferred shares that will convert to 4,050,000 common shares. For the worst case scenario, let's assume that none of these shares have yet been converted. 2.7 million common + 1.4 million (from converted series A) + 4 million (from converted series B)=8.1 million common shares Using your numbers, that gives us $1.19 a share. That still looks like a helluva good deal to me!