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To: wonk who wrote (6439)	9/19/1998 6:49:00 PM
From: Janice Shell	Respond to of 26163

Nice one, ww. Now let us further consider how holders of that single class of common stock will feel when they learn that company insiders may be given the opportunity to exchange their shares of restricted common for unrestricted preferred, convertible immediately at 1:100.... Will they be happy?

To: wonk who wrote (6439)	9/19/1998 8:58:00 PM
From: Dean Dumont	Read Replies (3) \| Respond to of 26163

According to the court order 4,480,000 shares has to be returned. So lets clear up this issue that it has to be bought. It has to be returned. The short fall is somewhere around 2,500,000. I gave you the numbers earlier, 69 Million and where 61 of it is. So again, Do I know how Andy Mann got stock, he committed to a private placement, did the company get the money, we'll see if we ever get K's and Q's I do not know. But a court order says the COMPANY never got the money. So go figure. Also, if I bring a motion to the board of directors that we should all take our common stock and convert it to preferred then the board agrees then hell, that means less shares in one year. What is the conversion price on the shares, 610,000 shares becomes 610,000 common shares at what price with what type of dividend, since preferred usually carries a dividend with it?