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05/07/04 9:28 AM

#241121 RE: Zeev Hed #241089

Zeev - FWIW, there has been extremely heavy insider selling in IPIX over the last 2 1/2 weeks. One beneficial owner bailed out completely, and two more sold more than half. Six directors/officers have been selling heavily, as well.

The selling has been at an average of a little over $9.