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To: Lhn5 who wrote (290)	12/15/1998 11:16:00 PM
From: stock leader	Read Replies (1) \| Respond to of 865

Is there a strike price for the CHGO warrants??? The last quote I saw for the warrants was 1/32--very low....

To: Lhn5 who wrote (290)	12/15/1998 11:58:00 PM
From: Robert T. Quasius	Read Replies (2) \| Respond to of 865

Unless the Board insists on equitable treatment of warrants in a merger, the warrants will expire worthless because there would no longer be any underlying stock. This offer is very inadequate, but might only be a starting point. If this Board is smart, they will try to get other offers and start a bidding process. Who knows, we might see $4-5 yet. I would expect the takeover offer to garner attention to CHGO's undervalued shares.