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To: zurdo who wrote (8205)	2/18/1999 1:44:00 PM
From: JW Steve	Read Replies (2) \| Respond to of 27722

<<Can we assume that that these NAVR managers (except for TEO and the other director, whatever their reason for selling) are anticipating a big NAVR IPO pop, and have positioned themselves accordingly??? >> That's what it looks like to me. I don't blame someone who's holding 2 million shares for registering to sell a measly 100,000. I think it definitely is a sign of good things to come. I was just sick of hearing about how they "sold" the shares already. Nobody has been able to justify that and now I know why, because it wasn't true. jw steve