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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: Jim Spitz who wrote (650)	12/1/1998 2:15:00 PM
From: Wayne Rumball	Respond to of 11130

Jim thanks for the CTHZ heads up, This is significant; In order to protect the buyers of our business operations against unknown or undisclosed liabilities, the Company agreed to collateralize its representations and warranties by holding back (ie.-not distributing to shareholders) $1.5 million of assets through November 30, 1998 (of which $500,000 shall be in cash and cash equivalents). If no material claims are raised, half of the $1.5 million will be released from this contractual encumbrance on November 30, 1998 and the other half will be released on May 31, 1999. Management does not know of any material claims to date. that's about 0.50/share, or 0.25 now and 0.25 in may. and there are more assets to liquidate.