USWE - US Wireless Data (formerly USWDA) Message Board

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Microcap & Penny Stocks : USWE - US Wireless Data (formerly USWDA)

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To: TradeOfTheDay who wrote (165)	12/13/1997 12:48:00 AM
From: Rob S.	Read Replies (1) of 370

Hi Bev. Have you seen the press release on the $3 million loan package? I have not seen it on Yahoo! but got a fax from USWDA on Thursday. They got $3 million at 8%. The loan can be converted into stock at 80% of the market price or $6 but but no less than $4. This is an important step as it provides needed working capital and allows them to file for NASDAQ small cap listing. That should help create wider visibility and circulation of the stock. Although I am still disapointed that they haven't announced another telco agreement yet, this seems like a good time to buy.

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