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Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable.
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To: Elliot W who wrote (1841)4/7/1998 3:23:00 PM
From: Bernard Levy  Read Replies (1) of 2063
 
Dear Elliott:

There exists a major difference between WNP and CVUS:
WNP is private while CVUS is publicly traded. Yet Shant
treats CVUS investors as if they did not deserve to
know anything. CVUS had more than 3 months to prepare
its 10K-- yet we are still waiting. In today's release
all terms of the financing are undisclosed. As space
cadet points out, the issue of the price at which
the debt can be converted is key. If the convertibles
are floorless, then the debt holders have every
incentive to drive the stock price to nothing to
ensure that the equity of current stockholders is
wiped out. So the conversion price is extremely important
But of course, with Shant H. at the helm, we have a
fat chance of getting this key piece of information.

Also, for the record, quite a bit of information is
known about WNP. Royce Holland is one of the driving
forces behind it. Please go back and read the various
articles posted at the end of the LMDS auction.

Best regards,

Bernard Levy
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