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To: Abuckatatime who wrote (2429)	4/16/1999 9:02:00 AM
From: Razorbak	Read Replies (1) \| Respond to of 7720

From the S-3... << Additional Shares Potentially Issuable By Us Would Dilute Your Shareholdings and Could Hinder Our Ability to Obtain Additional Financing Under the terms of the agreement under which the selling shareholder acquired its shares of common stock, we are required to issue up to 225,774 additional shares of common stock to the selling shareholder pursuant to certain "adjustment" rights if the market price (as defined in the agreement) of our common stock is less than $14.325 on the date on which the registration statement of which this prospectus is a part is declared effective by the SEC. The number of additional "adjustment shares" that may be issuable to the selling shareholder is illustrated below: Number of Market Price Adjustment Shares of Common Stock* Issuable $15.00 - 0 - $14.00 10,235 $12.00 85,423 $10.00 190,686 $9.48 or below 225,774 * Defined as the lower of (i) the average closing bid price during the ten trading days ending on the trading day immediately preceding the "adjustment date" or (ii) the closing bid price on the trading day immediately preceding the adjustment date. The existence of this adjustment right, as well as the existence of our outstanding warrants and options, may hinder our ability to undertake future equity financings. Further, the holders of such warrants and options may exercise them at a time when we would otherwise be able to obtain additional equity capital on terms more favorable to us. Such factors could materially and adversely affect our ability to meet our capital needs.>>

To: Abuckatatime who wrote (2429)	4/16/1999 9:09:00 AM
From: JDN	Read Replies (1) \| Respond to of 7720

Dear Greg and all: My congrats to the Company and Price Waterhouse for the rapid filing of this registration statement. They actually did it in about 2 weeks which seems almost incomprehensible to me. I suspect they must have been working on it earlier than 4/1. Personally, there are items under Business and Risk Factors which would disturb me if I owned stock in the Company but there are many of you here very familiar with the Company and probably realize which is likely and which isnt. JDN