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To: Walter Morton who wrote (57)	6/7/1999 12:54:00 PM
From: tom jones	Read Replies (1) \| Respond to of 60

To Walter and all: Procyte's insiders (from yahoo) mainly the CEO Clifford have been buying PRCY in the open market. Procyte has been giving out stock bonuses equivalent to $15,000 a quarter which will cause a very small dilution. Management has done a very good job so far in keeping the shares outstanding from growing to fast even with all of the acquisitions. Walter, I don't follow your comment about the float causing dilution. The float is the common stock traded on the open market and is part of the shares outstanding. Here are the definitions from Yahoo: Shares Outstanding - This is the number of shares of common stock currently outstanding-- the number of shares issued minus the shares held in treasury. This field reflects all offerings and acquisitions for stock made after the end of the previous fiscal period. Float - This is the number of freely traded shares in the hands of the public. Float is calculated as Shares Outstanding minus Shares Owned by Insiders, 5% Owners, and Rule 144 Shares. I will have to look into CIST more to find out why the sales have been going down but they did make a profit by selling part of the company. Tom