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To: The Swordsman who wrote (25515)	4/15/1999 6:41:00 PM
From: Andrew H	Respond to of 44908

Sword, what REW is saying (as I understand it) is that there will be no reverse split but that there could well be a reverse merger for the purpose of getting on the Nasdaq. The difference is the difference between a reverse split and a reverse merger. I will leave that for others to define. Personally, I would tolerate a reverse that put us on the Nasdaq. We would have less shares, but each share would be worth more. As I see it, the difference is that in a reverse split we get nothing except fewer shares, most likely at a similar price/share after everyone sells. In a reverse merger, we get fewer shares but in return a Nasdaq listing with an excellent chance for considerable per share appreciation. However, I would hate to see a ratio of more than 1:3.