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To: Bob Kulchuk who wrote (1879)	6/25/1998 2:05:00 AM
From: Randomm	Read Replies (1) \| Respond to of 4230

Here is my question along with Mr. Sitra's reply: Dear Mr. Sitra, > > William Velmer of The S.A. Advisory newsletter made a comment yesterday, > May 19, 1998, about believing the current stock float of TGSK could be > much higher than the 2.2 million published. What are your views on > this? > > I do apologize if this question seems repetative, but I have not yet > heard any comments on this issue lately from The Great White. > > As a shareholder in TGSK, I wish you all the best of luck <g>. > > I am looking forward to your reply on this matter. > > Sincerely, > > > > > Dear Thank you for your interest in Great White Marine & Recreation, Inc. (OTC BB: TGSK). I apologize for the delay in answering your questions. I have been out of the office for the past week on vacation. Since Mr. Velmer began following TGSK he has questioned the size of the float. On one hand he should, volume and volatility have been very high. However, what Mr. Velmer has not questioned is the number of market markers. The last time I checked TGSK was approaching 30 market markers. A Company of TGSK's size only needs five or six for a well balanced market. There are so many shares going back and forth between market makers it makes the volumes appear much larger than they are. This is easily tracked. We believe up to about 80% of the volume printed on the end of day volume is nothing but false, inter-market maker volume. Hence, say 500K shares print on a day, really only 100K were traded. As far as the actual float, it is simple to figure out. There are just under 7.2 million shares outstanding. Insiders own restricted shares totalling a little under 5 million. Subtract out the restricted shares and the float is about 2.2 million, give or take a little. Another aspect Mr. Velmer has not commented on is the possibility of a short position. While this is not officially part of the float, it is an extension of the float because there are additional free-trading shares being traded. I hope this helps answer your questions. If you have any additional questions, please feel free to contact me. Sincerely, J. Scott Sitra Great White Investor Relations jscott@sitra.com (512) 453-3817 (512) 453-7553 fax P. O. Box 50404 Austin, Texas 78763 sitra.com

To: Bob Kulchuk who wrote (1879)	6/25/1998 2:13:00 AM
From: Randomm	Read Replies (1) \| Respond to of 4230

Instead of calling the company (word has it that they are getting swamped with phone calls from investors). I would suggest emailing or calling Scott Sitra, he is in charge of TGSK PR.

To: Bob Kulchuk who wrote (1879)	6/25/1998 9:52:00 AM
From: JCinTC	Read Replies (2) \| Respond to of 4230

Bob, Since TGSK is a non reporting bb co i would think independent share numbers from the transfer agent would be the best way to go. ENK Stock Transfer 418 Elizabeth Ave. Vacaville, Ca 95688 707.448.0755 I requested info regarding; shares out, 504's,505's, restricted, float ,etc. The lady who runs it gave me the run around for 3 weeks before telling me i had to get this info from the co. Kinda blows the independence part doesn't it. Although transfer agents are not required by law to have to give you this info, most are happy to fax this info to you with a simple written request(fax). If you can get ENK to fax you the share #'s please PM me, as i would be very interested in them. JC