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Technology Stocks : MessageMedia Inc. (MESG)

MESG 18.65

-25.4%

May 25 5:00 PM EST

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To: Gutterball who wrote (270)	7/27/1999 6:38:00 PM
From: Gutterball	Read Replies (1) of 553

So much for the "pre-earnings" quiet period. However, it does appear Messagemedia was withholding all press releases until the contract with Revnet was inked. However, why does it feel like Jones took the seat off my bicycle and just left the post. Messagemedia was offering Revnet $46 million. Todays PR indicated they closed the deal for ABOUT 4 million shrs based on Monday's close. Well, ABOUT 4 million shrs works out to ABOUT 11 1/2 per shr. Also, looking back at Monday's close, it sure appears somebody tried to "mark the close". That's a no-no if you know what I mean. [For the record: MESG closed on its low Monday 16-1/4.] These guys are about to get their integrity called into question. Maybe Messagemedia will address some of these concerns in the conference call.

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