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To: JCinTC who wrote (114)	6/23/1998 12:39:00 AM
From: Due Diligence	Respond to of 618

Just watch a continuation the next few days up to July 8, 1998. This is a significant acquistion. Jimbo

To: JCinTC who wrote (114)	6/23/1998 2:29:00 AM
From: frick	Read Replies (1) \| Respond to of 618

Whenever I see a small volumn like 200 shares go thru and the price changes sig - I believe it is just between the MM.. and never put much credence in the move one way or the other...As far as I know the float is around 500 tho, which as we know is nothing....This I believe will take some wild rides, just get off the ride when you have that feeling... Frick Just my opinion,

To: JCinTC who wrote (114)	6/23/1998 9:12:00 AM
From: John Fairbanks	Respond to of 618

Ok thanks. It wasn't making sense. When Yahoo said 500,000 in the float and I knew that over 800,000 had been issued due to a reg S conversion on May 8th it wasn't making sense. If the 1 for 10 occurred in Feb, that means the conversion occurred afterward, accounting for about 1.5MM. Looks to me like they converted when the price was around .70 and they got a 30% discount from market. I wonder if this is why the stock tanked so hard the last month... and I wonder if there is some break even point below which they will not resume selling... or maybe they are waiting for the stock to go up on the merger. At any rate, the numbers suck, but the trading looks good. Maybe the company can pull it off and get profitable... I guess we'll see.