U.S. Wireless Data Up 700% in a month Message Board

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Technology Stocks : U.S. Wireless Data Up 700% in a month

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To: Joe Wagner who wrote (11)	1/13/1998 1:24:00 PM
From: NeverRight	Read Replies (1) of 21

Joe, I was looking at this stock because of rumors that it had signed a deal with Gateway Computers. I congratulate you all who bought low and can command $6 a share. Having said that there are some disturbing facts. They don't have much in sales. In August '97 the sold 3 1/2 million shares and 1.6 million warrants exersizable at .01 for $500,000, effectively putting the share value at $.10. (I can't find the price at that time, but if it was .10 it sure has been a run). They also state in their 10Q that they need another $2 to $4 million soon to continue. If they sell shares at distress prices again it could do a job on the public price. I'm staying away from this one. Good Luck. You can take some comfort on my screen name.

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