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To: Sigmund who wrote (1915)	6/13/1998 11:55:00 PM
From: Sigmund	Respond to of 2278

To continue my previous post, they may have received sufficient votes to approve the reverse split legitimately. In which case it was poor investor relations to send some proxies out late, but nothing other than that. Again we need to wait to find out what really happened. It seems that a big block of stock is owned by the shareholders in the company they just acquired and those shares might have been legally able to be voted and may have voted. I personally would have voted against the reverse split, but I can see reasons for it also. It would need to be done at some point anyway to get a NASDAQ listing. I preferred to deal with that later rather than sooner but I can't say with certainty that the reverse split will turn out to have been the wrong approach. It sure would have been better however if this had been handled without controversy, better explained, and accompanied by good news.