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Conrad

10/12/02 8:15 AM

#5380 RE: Conrad #5366

The information on my previous post # 5366 was not complete. I should have mentioned that the $1000 that was invested on a share price of 90 was a accumulated net profit from previous operating cycles.

This alters the conclusion in that for each share price cycle:

100 to 110 to 100 to 90 and back to 100

there is a net gain of about 2,02% even if you cancel out any profits from a share price increase or skewed buying and selling in an AIM system.

I shall revise the incorrect presentation to make it more clear as to what was supposed to be demonstrated.

Regards,



Conrad