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To: spotter who wrote (2502)	7/1/1998 5:02:00 AM
From: Thomas Haegin	Read Replies (1) \| Respond to of 3115

<< Needless to say I'll be voting against it (Blank check Proposal). >> Glad to hear that I was not the only one who voted against like it <g>. In fact, I didn't like the others neither: Adding all options and plans ceilings up, I get soething in the neighbourhood of 10% of all outstanding stock. That's excessive IMO. If they want to reward people, they can pay them cash, but not keep on diluting existing shareholder's holdings. RATL better makes sure they can deliver results, otherwise they will get killed again... Thomas

To: spotter who wrote (2502)	7/1/1998 12:32:00 PM
From: John F. Dowd	Read Replies (2) \| Respond to of 3115

I think they need more money and they are going to do one of the disastrous convert. preferred deals that have been destroying small cap companies of late. The dilution that results is severe. The shares are generally issued to of all things "hedge funds" in a private placement. The holders of these securities generally get a formula based on lowest trading levels of the stock in the last x days. This invites the preferred holder to short the stock to boost the number of shares they can buy under the conversion formula. This has just occurred at PLC and OCOM to name a couple. JFD