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To: Shirley Owen who wrote (11117)	1/22/1999 2:20:00 PM
From: Jeff Haworth	Respond to of 14627

Shirley: Makes sense. Just under a million traded at 2:05pm Good fun, eh? Jeff

To: Shirley Owen who wrote (11117)	1/22/1999 2:35:00 PM
From: Ross Mickey	Read Replies (1) \| Respond to of 14627

As per the 1998 Annual Report: 2,475,000 warrants at $1.52 expire January 1999 This equals $3,762,000 CD or at todays .66US/CD is $2,482,920 US. Next Warrants: 75,000 at $6.38 by April 1999 Options: 1,395,000 at $3.85 expire Feb 1999 Best of Luck, Ross

To: Shirley Owen who wrote (11117)	1/22/1999 2:47:00 PM
From: Ross Mickey	Read Replies (1) \| Respond to of 14627

Shirley, Refresh my understanding or lack of same regarding warrants. Assumption: Warrants are NEW shares purchased from the company at a certain price. Today, I see a few large crosses. 10:07:18 1.550 .100 250000 11 Yorkton 11 Yorkton 13:21:00 1.540 .090 239500 62 Haywood 79 Gundy 13:47:12 1.550 .100 245000 62 Haywood 62 Haywood These are all close to the $1.52 but why are they not at $1.52? This accounts for about 750,000 of the 2.5 mill warrants they are entitled to. SO...should we see more of these large crosses in the next week? If these are new shares, they would not be bought in the open market so should have no affect on the share price other than a confirmation that they believe the company will make money from here. Is it this confidence which is fueling the rise in price? Best of Luck, Ross