WCAP - Winfield Capital: Insider buying Message Board

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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying

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To: Top Jim who wrote (686)	4/11/1999 10:11:00 PM
From: Tom Hua	Read Replies (1) of 1305

Everyone should be aware that the JWEB position is substantially less than the 1.178M shares reported -- currently 225,330 @ $7.45 per (see JWEB S-1 for Class B pricing). It could reverse-split again as with the ROWE IPO which reversed .34905:1 and took WCAPs holdings from 440K to 153,582 @ $9.70 per (still not a bad profit @ $43 2 months later). TJ, I have been saying this very same point over and over. Lots misconception caused by the company's statement, and I quote: ".... which are convertible (currently on a one for one basis) into shares of common stock of ..." The company knows darn well that conversion will be at less than one-for one, especially with Juno. But they continue to use the same tactics until the conversion is known to the public. Regards, Tom

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