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To: marcos who wrote (18399)	2/6/1999 4:58:00 PM
From: Janice Shell	Read Replies (1) \| Respond to of 26163

Well, Level Head's Watcher did report this: In a similar vein, the certificates (again, I don't know which ones, but context suggests the 4M) had restrictions that were supposedly not included on color copies because of the color of ink used on the restriction, and the nature of the copier. exchange2000.com lolololololol!! [Ooooooh, looka taht!! 18400!!]

To: marcos who wrote (18399)	2/7/1999 6:22:00 AM
From: tonto	Respond to of 26163

Wireless W asked Gary long before the more current filings were available about their preferred conversion share plan without receiving an informative response. I imagine questions today will remain unanswered, for a reason... But, as I have posted before, now that we have weeks until the next court date, it gives us time to focus on the company. I have posted a series of posts regarding the fabulous options received by Dad and others, how many many shares were issued to the "principals" in lieu of cash repayment of loans, and then lastly and with purpose posted about the "intellectual property" story being nothing more than a market valuation transaction restatement. What has not been discussed from an accounting stand point, and this is extremely important for investors in any stock to understand, I believe, is how the write off of the intangible asset, (the 5,000,000+ share deal for the formulations with a determined valuation of approximately $7,400,000) was so quickly written off... 5,000,000+ shares were issued for this which results in dilution to the public shareholders. What did the company actually do? The company (I assume) accounts for long lived-assets under the provision of Statement of Financial Accounting Standards No.121 (Accounting for the impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed Of (SFAS) which requires that long-lived assets and certain identifiable intangibles, including goodwill, held and used by the company be reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. An impairment loss is recognized when estimated undiscounted future cash flows expected to be generated by an asset are less than its carrying value. Measurement of the impairment loss is based on the fair value of the asset, which is generally determined using valuation techniques such as the discounted present value of expected cash flows or independent appraisal. Investors should seriously consider what the restatements actually signify... Be very careful...