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To: Troy Shaw who wrote (7191)	10/8/1998 9:06:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 7685

This statement makes no sense: "As a condition to obtaining a $13,000,000 loan over and above its available credit limit from its lenders (the "Overdraft Facility"), the lenders are requiring that $8,000,000 of the Overdraft Facility be guaranteed. ...As compensation... the Investors are to be issued, pro rata based on the number of shares of Series 7 Preferred Stock held by each, an aggregate of 2,000,000 shares of Common Stock." 2MM shares = $250K. So, they'll guarantee $8MM for $250K of stock? No way, Jose. See you in bankruptcy court. <ggg>

To: Troy Shaw who wrote (7191)	10/9/1998 1:05:00 AM
From: Dale Stempson	Read Replies (1) \| Respond to of 7685

Troy, Thanks for providing the S-3/A detail, (geez, some truly ugly snips you referenced). I plan on reviewing it myself when time permits, (my focus the past couple days has been on the incredible trading opportunities out there with all this market madness). One quick comment however before I get back to assembling my game plan for tomorrow: Even with "$31,584,900 remaining to convert," we'd be looking at over 200 million shares for the preferred holders, (if converted at 5/32, pre-split). Regards - Dale