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To: Joe Copia who wrote (527)	10/28/1998 6:51:00 PM
From: Lane Hall-Witt	Read Replies (2) \| Respond to of 1286

No kidding! They were obviously trying to get the price high enough to make the daytraders feel good about their profit and bail, then take the weak hands with them. I was amazed at how little selling I was noticing on the way down. (It might have been there, but I didn't watch carefully enough to see it.) I mean, many of us are in with 80-125 percent profit at bid=.60, and not too many of us were racing for the exits. I see more upside here, assuming that the good news we're expecting is really on its way.

To: Joe Copia who wrote (527)	10/28/1998 8:01:00 PM
From: jhild	Respond to of 1286

You know Joe that 67&cent figure is an interesting number. If you take into account the stated assets from the last financial they have made public (notice I am careful not to say filed with the SEC), and you divide by the common outstanding on a fully diluted basis taking into account the conversion of the preferred 1.2 million giving a 15.5 million share denominator, it looks like it is just about 67&cent. I have found all this talk about a $2.93 book value quite deceptive because of this preferred conversion. The kicker of course is that we have yet to see any independent verification that the assets are really worth even this much to begin with.