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Technology Stocks : NWLL
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To: Coachman who wrote (95)1/4/2000 11:26:00 PM
From: xbrent  Read Replies (1) of 265
 
Mr. Malone did in fact make fine statements about his company.
He also is issuing another 11 million shares and 3 million options.
Also the Chinese propaganda ministry owns 1/4 of NWL. The recent news is re cycled from Dec 13. It looks like most income so far for NWL was a grant or subsidy of some sort from the Chinese govt. Nobody knows what the real numbers are in China re internet use, etc. NWL at $13 US is ahead of anyones projection for value. NWL is a latecomer to ISP and ShangHai On Line and Bejing On Line are well established. Mr Malone is doing a fine job hyping his company, but its going to take more than that in this market to hold steady let alone prevent a considerable decline in US share value. General consensus is that Australian Stock Exchange has delivered or is delivering a letter to NWL to provide an explanation as to why their stock is up. Thats why its halted. Apparently stocks down under are halted with more frequency than in the US. Apparently they are also less tolerant of rumors and insider trading than the US. So perhaps it is necessary for NWL to explain themselves and perhaps defend themselves in the forthcoming press release. NWL does not want to lose their ADR United States trading status, so managing this problem is a major concern for them.
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