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To: Troy Shaw who wrote (7015)	8/13/1998 5:36:00 PM
From: Ben Geh	Read Replies (1) \| Respond to of 7685

Troy...<<<Once they cover all of their shorted shares (extracting all the money they put in plus some), they may end up with millions of extra shares that they can hold on to, or sell immediately.>>> Let's hope they have not covered all their shorted shares and let's hope they have not ended up with millions of extra shares or else... God help us!

To: Troy Shaw who wrote (7015)	8/13/1998 10:16:00 PM
From: Dale Stempson	Read Replies (1) \| Respond to of 7685

>>> It also explains some of the recovery in the stock price, because conversion may have begun, and short selling has eased. <<< Troy, Keep in mind that as the share price moves lower, there's the possibility of increased shorting due to the higher number of common which can be converted from the Series 7 floating preferred shares. BTW, I'd guess you've read the shorting terms and conditions for some of the earlier series of preferred. Since you're digging into this, I'll also point out that there are ways to more or less bypass the shorting restrictions detailed in the filings. My point is that the shorts are not solely Series 7 holders and the problem is larger than most believe (IMO). Regards - Dale