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To: kenita who wrote (3028)	3/29/1999 1:50:00 PM
From: gao seng	Respond to of 4122

kenita Thank you for not taking slugs at me. I am not going to slug you. You posted: "For instance, last June the company netted $990,000 from the issuance of preferred stock to Austost Anstalt Schaan in Liechtenstein and Balmore Funds in Tortola, British Virgin islands. The attraction to IDS was the infusion of cash for working capital. The attraction to the investment firms was the ability to convert the preferred stock to IDS common stock at a 75 percent discount to what U.S. shareholders are paying for it." If the company is as bad off as everyone says, then even at 28 cents a share this stock is overvalued, unless you can turn around and sell it at market price. Do you have any details on when those shares can be sold? I will try to see if this info is available at edgar.

To: kenita who wrote (3028)	3/29/1999 2:04:00 PM
From: kenita	Respond to of 4122

Quote from Miami Herald February 22, 1999: "On Feb 3, IDS announced yet another method of raising money. It said its officers and directors agreed to sell a "portion" of their personal stock to help the company pay its bills. O'Leary, the IDS stockholder, calls the latest move a publicity stunt. "I see no mention of the amounts they are sacrificing," he said. "How does it compare to the excessive compensation they have received from us in the past? It does me no good for someone to take a billion dollars from me then try to look generous by handing me a $10 bill." Of course everyone know now that the Grables compensated themselves VERY well.