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To: llwk7051@aol.com who wrote (1688)	9/18/1998 4:51:00 PM
From: John Arnopp	Respond to of 4467

All, NAV is $22.63 this week, so premium is $5.30. That is the largest premium since May 31, when there was a $6.38 premium to NAV. I just checked back, and there was no news to support it, and the gap closed (both fell). That would have been the right time for a rights offering, so I think that premium was due to speculation. The current premium is most likely due to the known rights offering, and speculation on a 3rd this year. If that is true, I don't think a $5 premium can hold, but a $3-4 premium could, especially if the small-cap market is recovering and we have seen the bottom of this recent market correction. Whatever "news" there might be to support this premium, i hope if comes soon, and before Monday's open, so we don't fall too hard. Comments? --John