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To: chapin who wrote (23261)4/2/1999 1:34:00 PM
From: Andrew H  Read Replies (1) | Respond to of 44908
 
>>E.G. Gordon's 41 million shares is a worse case scenario if the company accepted a loan from him of approximately $5 million. Converted shares would give him 41 million. Currently this is not the case and he doesn't expect to have to ask for the money. <<

41M shares for $5M? That values the shares at .12. I find it troubling that he does not give the shares a higher value. And I certainly hope the company does not take such a loan. I would be very surprised if they could not get better terms elsewhere.