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To: BDR who wrote (30682)	2/3/1999 10:17:00 AM
From: Marshall	Respond to of 33268

I'm seeing 667 and 333 of Series D Preferred = $1M $1M at $3/share = 333,333 shares - it's right there in (2) and (3) as 222,333 and 111,000 so I guess I figured it out correctly. That's hardly anything percentagewise - about .23% at today's total issued. Please correct me if I'm wrong. I think what's confusing is the way they used a 200% figure when they came up with the numbers, probably some sort of safety margin. There are also some warrants involved that are included in those upper numbers.