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Microcap & Penny Stocks : Video Update (VUPDA)

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To: Thomas Kirwin who wrote (72)4/4/1997 9:12:00 PM
From: Thomas Kirwin   of 142
 
AOL Banter Regarding Drop In Price

Subj: Re: $4 1/4 DOWN 20% this am
Date: 97-04-04 10:42:42 EST
From: SDOFOUR

Gee guys, does anybody know what the heck is goingon???..i keep
hearing that the fundamentals are sooo wonderful..there MUST be
something you DON'T know! maybe just one little teeny tiny piece of
info that you've overlooked.?..or maybe not...maybe management has
been less then forthcoming?

See, when you cook a turkey you have to have your thermometer all the
way into the center otherwise you get a shallow surface reading, which
can cause you to go long your dinner tooo early!

Tom, u say, c ya at $10..do you really think this bird is going to fly
UP 250% before it goes down another 25%? I'd like to know if you can
say and spell SELL and better yet SELL SHORT!

Over the last few years i've shorted alot of these birds..they almost
always fly the same pattern SOUTH..Jay Jacobs JAYJ now .30 thats right
CENTS/ share. Lamonts LMNT its gone..Ernst gone! and on and on and on
and on.

well, when you wakeup from dreamworld send a post. meanwhile good
luck.

SDOFOUR

Subj: Re: $4 1/4 DOWN 20% this am
Date: 97-04-04 18:27:16 EST
From: Zone789

This one is going to sneak up and bite you shorters in the ass

Subj: The Real Picture
Date: 97-04-04 20:26:36 EST
From: ThomasK784

SDOFOUR,

Believe you me I am not dreaming after this week's market decline.
Sure wish I could get some sleep! Anyway, the actual performance and
value of VUPDA will become evident over the long haul. No single drop
or climb during the trading day should be highlighted as an indicator
of the stock's overall direction. Shame on you! The actual snapshot
from today looks like this:

VUPDA - VIDEO UPDATE INC CL A
Exchange: NASDAQ
Delay: at least 15 minutes
Last Price: 4 1/2 at 15:54
Change: Down 9/16 (-11.11%)
High: 4 5/8 at 9:28
Low: 4 1/4 at 10:02
Open: 4 5/8
Previous Close: 5 1/16 on 4/3
Volume: 377,500
30-Day Avg. Volume: 239,000
Shares Outstanding: 20,018,000
52-Week High: 9 3/4
52-Week Low: 3 1/2
Beta: Not Available
Yield: Nil
P/E Ratio: 25.0
EPS: 0.18

Yes it is a drop but not the 20% mentioned in your post. Adjust your
glasses and re-calculate the drop. You should end up with 11.11%. Do
not think that I am not a little concerned. One must always stay on
guard with any small cap acquisition minded stock and be prepared to
ride out the bumps. I currently have the fortitude to hold on.

By the by, I talked to the CFO of VUPDA the other day and he confirmed
that there are 8.5 million warrants outstanding. Almost a third are
in DH Blair's hands. They may be exercised for $8.75 but we have a
way to go before that would ever happen.

I actually appreciate the fact that VUPDA's news release is steering
us away from expecting great things each and every quarter. IMHO I
still think that they will meet analysts projections for the quarter
and year. Expectations are for $0.11 this quarter ending April 30th
and $0.30 for the year. This will represent 114% growth over last
years eps.

C Ya @ $10

Regards,

Tom
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