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To: Jon Scott who wrote (408)2/24/1999 9:22:00 PM
From: Sethpop  Read Replies (1) | Respond to of 476
 
Pre-packaged re-structuring announced. All of the old common stock will be given "out of the money" warrants to buy 1.66% (one sixtieth) of the NEW common stock. Although the exact appraisal will use option pricing models against the expect value of the new stock...it probably will mean that each current share is worth around a penny or two at most!!