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To: Secret_Agent_Man who wrote (27406)	9/27/1998 1:40:00 PM
From: taz man	Read Replies (2) \| Respond to of 50264

I havent been around much latley, the last time I posted here the stock was holding at around 4 dollars a share. Everyone was still giddy from the rise to 8 dollars. Some people made out well if they bailed on the way up. That was months and months ago. When I hear the words "dillution of shares" and the company wanting to issue another 150 mil of shares, it usually spells trouble for the price. Their is no IF, here. They certanly will issue the shares, then they will REWARD themselves a BIG FAT BONUS, this share increase will certanly cause the stock price slide back under a dollar. They will do it because they know more about what is going on with the company than anyone else and they realize its best to cash in all they can , basically they will get all they can out of this nag before it falls dead . They will issue the shares simply because its to their best interests and no one can stop them from doing it. Actually, Its probably already been done, and now they are finally "leaking the news " to everyone . Probably the reason this stock has slid so far down from its heights. Dillution and share price is meaningless now, its only a matter of time before this one goes back undera dollar. just my opinion from past experiences with the bbs.

To: Secret_Agent_Man who wrote (27406)	9/27/1998 1:53:00 PM
From: Moonglow	Read Replies (1) \| Respond to of 50264

You are right. The letter does just talk about the authorization of shares, and it does seem as though the common might just be being divided into two different classes....voting and non-voting. However, that still leaves the proposed authorization of 50 million preferred shares.....IF the meeting takes place. Why wouldn't it take place since the letter Sandman received was dated 9/24 and the meeting is supposed to be on 10/5? Not too much time. However, if the new preferred shares are authorized, then I would assume that eventually they would be issued. And this next question is for anybody....but why would the common be divided into 1/2 voting and 1/2 non-voting? Who would get the non-voting shares? And why would anybody WANT non-voting shares unless they were an insider who already held more than 1/2 the shares? Juanita

To: Secret_Agent_Man who wrote (27406)	9/27/1998 2:02:00 PM
From: Charliss	Read Replies (4) \| Respond to of 50264

>>> The authorization itself, is one thing the issuance of more shares is another.<<< Jummy Chin can do anything he wants. He owns 50%. I don't think this meeting has been called to get input and feedback from other shareholders. He wants another 100 M authorized, and the meeting is just a requirement that will present no real challenge to authorization. The interesting thing would be: why another 100M? Remember too, there are other shareholders with very significant amounts(they do not appear in an audit and filing because these things do not exist....being non-reporting there is not any SC 13D disclosing the lesser, yet significant amounts, of 5% or more ownership)and if Jimmy Chin benefits from an authorization, so will they. As Juanita posted earlier, one can only get hurt through magical thinking- there is a natural flow here and to push against it emotionally will cause more injury and insult than the flow itself. If magical thinking is a guide in our everyday lives, we should watch out when entering the market- with this or any other stock. In such cases, most of us would find that when we act in the market the way we do in our everyday lives, we lose money. Our success or failure will be determined by the ability to use our intellect rather than act out our emotions. These emotions have nothing to do with the market, or a particular stock itself- they exist only inside us. The market, the stock, Jimmy Chin- these do not know we exist. We cannot influence them or control them. Only our own behavior can we control. So far, long term investors have not made money here. Traders have however, and they will again. How soon...who knows? It may not even require a filed audit for this to happen. If it happens, it should be taken advantage of. Charliss (padding about in bunny slippers with long floppy ears on a dismal and rainy day in NY)