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To: David R who wrote (1235)9/21/1998 8:15:00 PM
From: David Miller  Respond to of 5102
 
David, that was also my feeling at the time. Now I am just interested in the dilution effect, netting out all these different financial transactions to work out what will be the end result, particularly shares likely to be outstanding when the quarterly numbers appear. It will be interesting to see whether the analysts are able to keep up with this merry-go-round, and can still produce an eps estimate from somewhere....

One thing is pretty certain, those investors have probably ended up with a swag more shares than they originally envisaged....

david