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To: William I. Peltz who wrote (4858)10/16/1998 11:55:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 6467
 
How can anyone be optimistic when we have just been informed that another $6 MM of shares (floorless I presume) will come on the market. These are not going to come in at 1/8 or 1/16, these shares are going to come in at 3 pennies to 1 penny, meaning you are possibly looking at a dilution of a factor of 10 again (pre or post a reverse split). The company no longer have the discipline of a ceiling on the number of shares.

Zeev



To: William I. Peltz who wrote (4858)10/17/1998 12:40:00 PM
From: Tom G  Read Replies (1) | Respond to of 6467
 
I got the info from the woman that answers
the phone.

Tom