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To: Anthony@Pacific who wrote (2112)	2/6/1999 12:49:00 AM
From: Ralph Cosenza	Respond to of 2489

SJIG owns 1.2 mil shares of common stock and 1 mil shares of preferred stock in SLEU. SJIG is an OTC company.....SLEU is an OTC company preparing to be a reporting company at the end of the month for nasqaq listing. SJIG has 5.7 mil shares outstanding at .65 a share = 3.7 mil company value. But the value they hold in SLEU is 1.2 mil shares x $8 = $9.6 mil in value....... So what am I to make of this? Thanks for your help in advance.