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To: KCsunshine who wrote (5496)	9/15/1998 9:53:00 AM
From: Hawkmoon	Respond to of 26163

How many times did he INVENT phrases and attribute them to me? I, also, would like to know this. Maybe you'll elaborate. And I have found nothing that clearly states that insider preferred stock is subject to the same conversion/selling restrictions as Rule 144 stock. And this is primarily because preferred stock is a different class of stock completely. It is not counted among the outstanding shares of common, does not factor into the earnings equation, and if, in fact, a higher class of stock than common. (IE: if the company goes belly up, preferred holders are paid off first and common shareholders get what's left.) This whole question would be so easy to resolve were common stockholders to demand that management openly announce (in an SEC filing or news release) that they are placing restrictions on the conversion of insider held preferred to the new common. Then at least you have something to hold them accountable and prevent any substantial dilution which would undercut the "squeeze". Btw, what happened to all of that money they raised from the sales of 144 stock over the past year?? An updated 10K would go far to furthering an understanding of the fundamentals of this company and its current cash position. If this company spent more time keeping its financials in order, there would be less speculation on potential scenarios like the one I presented. You're not opposed to that, are you?? Regards, Ron

To: KCsunshine who wrote (5496)	9/15/1998 10:15:00 AM
From: WRAP_IR	Read Replies (1) \| Respond to of 26163

KC Thanks for the post. I respect your right to disagree - hey - I apauld it! You and I, and maybe Ron will have to agree to disagree on one point. That is that the company insiders or shareholders, through rule 144, can file to sell if they have held shares over 1 year. Nothing wrong with that -- it is their right. Now, according to my Track On Line system, last week there was 2 (if I recall correctly), fed filings for holders of 144 stock to sell stock. In fact,look at Yahoo!. Insiders have been ansd still are filing to sell stock -- even with the press releases, even with the court case. The company needs cash. That is obvious. They have limited access to the capital markets being a bb company. They will almost have to do a financing. in the meantime, insiders may sell when the paychecks stop coming -- just in order to keep the business alive. Again - nothing wrong with that -- as long as it is disclosed no hyped in order to raise the price and hence, more cash Maybe the company isn't issuing the shares -- but there are sellers out there -- and they are seliing. Good luck