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To: JOHN IACOVACCI who wrote (9310)	11/15/1998 5:15:00 PM
From: Alan Coccio	Read Replies (3) \| Respond to of 10903

Well, at least we finally have an answer for their revenue total for the fiscal year. Not $2.2-million. A couple of months ago I said they probably did closer to 1 million and they wound up with $877,198. Not very inspiring. Of interest to me was the fact that, apparently, the principals in the company have divested themselves of a bunch of their stock holdings. McGee is understandable since he left the company but where was the registration statement for his shares? I also notice the holdings in that offshore account that has always troubled me have been reduced. When did they do that? It looks like the last week in October was the date for a gaggle of stock conversion from the convertible debentures. Is this what is now being sold/bought to even up positions from possible prior short sales? Lots of questions and so few answers. It appears the company is losing ground in spite of the increased revenues for the year. The ratio of burn rate to revenue does not look good at this point. Give me one more run...just one. Alan