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To: Ditchdigger who wrote (23207)	4/2/1999 7:11:00 AM
From: slaffe	Read Replies (2) \| Respond to of 44908

Hi Ditch I remember some months back when you came on this thread and mentioned some stocks that were beaten down due to floorless debentures. I think you called them floorless roadkill stocks or something like that. One of them was Kana. I also remember looking at kana a few months back and seeing them at .02 and thinking wow, I could buy 10k shares for a mere $200.oo. Look at them today, up .03 to $2.06. Humm, doesn't that mean that my $200.oo investment then, would be worth $20,600.oo today? Ahh, woulda, coulda, shoulda, such is life. bigcharts.com Steve

To: Ditchdigger who wrote (23207)	4/2/1999 11:46:00 AM
From: John Flaherty	Respond to of 44908

DD- You wrote "You give me a dollar for 70 cents,,is that not a 30% profit for me? You give me a dime for 7 cents,is that not a 30% profit for me?..DD" If you get a 30% discount on a dollar stock and only pay .70 and then sell it for a buck haven't you really made 42.85%? That would be .30 profit divided by your original .70 investment, and I believe you come up with 42.85% profit? But the problem with your analogy is, that in this PP, even though the 30% discount is constant the price of the stock is not. As an example let's say that they wanted to convert at the close on Thursday, April 1. The closing price over the last five days has been, .295, .355, .36, .42, .4475, so if you add that up and divide by five, I believe you'll come up with a price of .3755. So as you can see, not only would they have lost any profit but would be in the hole considering the closing price of .295 on 4/1/99. I would also like to say that I'm very long this stock, as it's my largest single holding, and that a year from today it won't mean much. But over the next week or two one can see that it will be a huge advantage for the PP holders to keep the price at these levels or lower as the conversion price could drop from .3755 to below .21 in just four more days if the price stays below or at the closing of .295 of 4/1. Just my thoughts, John F.