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To: rjbac who wrote (1491)	2/6/1999 1:27:00 AM
From: Due Diligence	Respond to of 2512

>>>I'm probably worrying about nothing...I sure do hope so...It is just almost impossible,at least for me, to trust anything going on with a penny stock...And I have the "MANY" burn marks to back up my distrust...<<< Maybe you should sell if your "gut" tells you so. Preferring to see the other 4 releases, first. Wouldn't think the best release would be first,anyway. Do you? CBNR is up a nice percentage in the last couple of days and volume is here. So............Good Trading, Warmest Regards, DD

To: rjbac who wrote (1491)	2/6/1999 8:40:00 AM
From: jmt	Read Replies (1) \| Respond to of 2512

rjbac: I can not question your analysis. There are many unanswered questions, and the PR adds to this. There are in excess of 168M shares outstanding? I have asked this question twice and have yet to get a response. Nasdaq listing??? How and when? Additional financing will be required to grow the business. Debt or Equity? To justify the current price the company needs to generate after tax earnings of $3,000,000 (3M / 170M shares = 1.7 cents per share at 8x = 14 cents per share. Equity financing would dillute EPS, but debt financing would reduce earnings with interest expense. How much is needed for financing, and when will the company begin generating some cash flow. If Pace and M. John really belive the company is undervalued, and would like to get to the Nasdaq listing without a RS, Pace could provide debt financing to Cabec, who with $15M could repurchase 75% of Cabec shares. LOL Financing and the time-line of operations are the most critical elements here, and they have yet to be addressed. We will see what the next PR's bring, and hope they are more substanative. jmt