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ams13sag

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ams13sag

Re: None

Monday, 05/19/2003 2:10:33 PM

Monday, May 19, 2003 2:10:33 PM

Post# of 432766
RE FIRST QUARTER RESULTS.

The company stated "Operating expenses increased by 2% over the first quarter to $19.9 million mainly as a result of higher directors and officers liability insurance premiums, and patent administration and licensing costs."

For the company to specifically mention the directors/officers insurance increase, it must have been a huge increase. The question is why the large increase.

Why have the directors/officers become such a liability, what as shareholders are we providing cover that has become so expensive.

AMS
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