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To: Alan Coccio who wrote (7809)	6/27/1998 2:50:00 AM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 10903

Alan, I think you might be overlooking one key sentence regarding Mayfair. To quote the 10K: On August 23, 1996, TPI issued 500,000 units to Mayfair Advisory Group Limited in consideration for gross proceeds of $500,000. Each unit consisted of one share of Common Stock and a Common Stock purchase warrant (the "Warrants"). When issued, the Warrants had a per share exercise price of $1.00, were exercisable for a period of two years, commencing 30 days after the closing of the offering, and were redeemable on 20 days prior written notice at a redemption price of $.005 per Warrant. The Warrants were amended on July 8, 1997, to provide that they may be exercised until July 8, 1998, at a price of $1.50 and are redeemable commencing January 8, 1998 on 20 days prior written notice at a redemption price of $.50 per Warrant. The Common Stock and the Warrants were issued in reliance on the exemption from registration provided by Rule 504 of Regulation D under the Act. - Jeff

To: Alan Coccio who wrote (7809)	6/27/1998 6:52:00 AM
From: BONZ	Read Replies (1) \| Respond to of 10903

Alan Thanks for your thoughts. Always insightful and demonstrate your knowledge. Don't you think any investment bank worth their salt would have excercised and sold during the run up to $2.38? It is hard to believe that they were as stupid as I was and held through the whole thing!! :)) Well the Q out next week will show us if they exercised the warrants in the 4/30/98 quarter. Regards Kirk

To: Alan Coccio who wrote (7809)	6/27/1998 2:06:00 PM
From: Dave Gore	Read Replies (1) \| Respond to of 10903

Being that the stock price has been pretty well hammered already on several pieces of good news, one would have to think that this IS largely behind us, IMO Also, thanks for the explanation, but the tone is still negative when in fact, just because someone can make a quick 25% profit doesn;t mean that ALL warrant holders will do this. Your tone to me suggests that. If you held warrants that HAD to be converted by July 8th, of course you would do it, BUT many would not sell right away for a measly 25%. Would you? Of course the real point is that even 500,000 shares is really not that much to absorb...one to two weeks of selling at most. Plus, IMO, it already behind us...why else would the stock have dropped recently.. (i.e it gave the MM's a perfect excuse to "walk the bid down"). Nothing else makes sense.. this stock has far too mcuh potential. The only ones selling in bigger numbers COULD only be people who live their life selling for quick profits.