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To: John S. Baker who wrote (7118)	8/13/1998 9:36:00 AM
From: ChrisJP	Read Replies (3) \| Respond to of 14347

But John .... Help me draw a conclusion from your post. The way I see it, floorless (or semi-floorless) or not, the fact is that they converted most of the shares. So if they shorted and then converted to cover, then this is still bullish because they chose to cover with a large percentage of their shares now as opposed to attempting to drive the price down to .01. In a real floorless situation, they short and then cover with only a fraction of the shares, thereby enabling them to repeat the process indefinitely. What is your agenda here ? You add conjecture to the discussion but do not follow through on your own logic. Thanks in advance, Chris

To: John S. Baker who wrote (7118)	8/13/1998 9:37:00 AM
From: Starduster	Respond to of 14347

John, In all seriousness, we all thank you for bring this info to the point and many of us are long, I have some trading shares too. The last couple weeks, have certainly been stressful for those of us that bought numerous shares at almost 3. Not fun watching it dive to almost 1. But a chance to pick up more at that price or near to it helps lower cost. Thank goodness for the bit of fun and laughter involved the last couple weeks. Certainly hasn't been much else to discuss. And of course there is you, Burg, David's, both Cyberken, and other's I've missed, bring us right back to reality. Thanks for your insight. It is time..... for ?.... at least by OCT... as when I spoke to Mark several months ago, he had said when I questioned him about the first of the year, "Oh not that long". >G<

To: John S. Baker who wrote (7118)	8/13/1998 9:38:00 AM
From: Lawrence Burg	Read Replies (1) \| Respond to of 14347

Gotcha. But...even 'tho he/she pays less, the shares are fixed. You want floorless, check TTRIF...not a pitch by any means. I've been out of it for a while. They had a Reg D, sitting offshore, no less, where every month, the holders were allowed to draw say $1M of shares off the authorized. So, in April, if the price was $1, that's 1M shares, maybe they short or sell those on the market (which was very obvious, daily). Forces the price down. Now it's May, the price is $.80, that's 1.25M shares. June, the price drop to $0.75, that's 1.33M. July $0.50, 2M, ad infinitum. That is floorless. That is a poor choice, made worse only in that it was the 2nd such deal. Eventually, as the stock approaches 0, the authorized are exhausted, or the company goes kaput. And if you've been shorting, you do quite well... Don't think we have anything even close to that here. LB