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To: LAWRENCE C. who wrote (7203)	8/13/1998 8:29:00 PM
From: Andrew H	Respond to of 14347

>>IMHO some preferred holders sold shares either short or long so they could convert the preferred shares at as close to the maximum number of shares as they felt they could get. That they are converting says they don't expect the stock to go significantly lower. << Thanks for spelling out your reasoning here. I hadn't thought of it in this light, but it makes good sense and probably does account for some of the conversion. I would tend to agree that we have seen the bottom or near bottom.