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Microcap & Penny Stocks : USXX IS UP @.34 CENTS WITH 400,000 SHARES TODAY!! -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (308)	8/23/1998 10:47:00 AM
From: Ditchdigger	Read Replies (1) \| Respond to of 348

Zeev,management has succeeded in getting finanacing through debentures on a few occassions-- with floors the previous at .70 if I remember correctly..DD Still like this company very much,but had to sell..

To: Zeev Hed who wrote (308)	8/23/1998 6:44:00 PM
From: Martin Savitska	Read Replies (2) \| Respond to of 348

Zeev, Thanks for confirming my thoughts on the convertible and warrants. I agree there are a lot of shares in the company. My take on the history of the company since K. Smith came on board is a positive. It looks like he is trying to make good on a pledge of increased shareholder value. It takes money to make money and if you ain't got any , you gotta beg, borrow, and steal. Dilution of shares outstanding, yes. But at a set limit. Line of credit to borrow from, yes. But both the credit line and the converts/warrants are there to provide capital for acquisitions and build the company. The "stock repurchase plan" kind of says it all. At this point the company doesn't need to be buying back stock and it's not going to have a great effect on the float. But IMHO, it sent a clear statement to the "Street". We're an up and comer, we're getting stronger, and we intend on taking care of our investors. As always, my own thoughts and they may have big holes in them. Regards, Marty