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To: Chuck Rubin who wrote (718)11/3/1998 9:52:00 AM
From: Ken Sammut  Read Replies (1) | Respond to of 1622
 
I will also be extremely disappointed if the company does a reverse split. If that lender says it is necessary to do the deal, then go to another lender if even if takes time.

The only way I would be slightly comfortable with a reverse split is if Fred would go on the record and state he would not convert his preferred shares for at least 2 or 3 years.

I strongly suggest that shareholders take the time and call the company to state their concerns.

Ken