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To: Labrador who wrote (1523)	7/22/1998 9:38:00 AM
From: Joe Bob	Respond to of 4122

I find this part actually kind of funny: During the second year of the Agreement there is a minimum royalty provision of $250,000. The Company is required to have the Agreement ratified by its Shareholders at its next special or annual meeting of Shareholders and upon obtaining such ratification, the Royalties set forth above shall take the place of the Development Royalties set forth in the Amendment to Grable's Employment Agreement dated February 23, 1995, and such Amendment shall become void and have no effect. My two impressions from this: 1. Grable's not stockpiling the cash fast enough - he's amending his employment agreement to rake it in quicker 2. Shareholder approval at the annual meeting? This is such a farcical statement that I'm feeling nauseous. The Grable's are the biggest shareholders so they are basically just rubber stamping these things through. Annual meeting - like the last one where there was no room and nothing to tell? Maybe they mean Rich+Linda sit down at the breakfast table and agree to pay each other more then get their accomplice Schwartz to come in and rubber stamp the thing. This is followed by a phone call to Linda's illegitimate daughter Deb telling her to ready another BS release so that they can dump some more shares. Gosh, I'm ranting again - of course this is my fictional account of what might be happening but I am so ticked off with this company that it's hard to remain civil.

To: Labrador who wrote (1523)	7/22/1998 10:05:00 AM
From: Joe Bob	Read Replies (1) \| Respond to of 4122

How bout this from the S-2: The IDE at Strax and the Company was halted pending the receipt of the new laser. In November 1997 the CTLM(TM) was removed from Strax and, subsequently, the Company withdrew the first IDE. Did I miss the press release? Here's a slap in the face: If the Company utilizes the Equity Line of Credit or additional funds are raised by issuing equity securities, especially Convertible Preferred Stock, dilution to existing Shareholders will result and future investors may be granted rights superior to those of existing Shareholders. This part is a beauty: At present, due to the decline in the price of its common stock, the Company does not have available enough authorized common stock to convert its outstanding Preferred Stock should the Preferred Holders wish to convert. . . . The Company anticipates that it will need to increase its authorized common stock from 48,000,000 shares to 100,000,000 common shares in order to meet conversion demands. If I may sum up: We sucked you in with lots of promises we didn't fulfill, now we can't afford to pay ourselves disgusting amounts of money so we're going to screw you over and find new subjects to bilk.