The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (16104)	5/4/1998 12:55:00 PM
From: Instock	Read Replies (1) of 79382

Doug: < ELGT > Just got off the phone with Investor relations. As IR 's allways are, they are limited in what they can tell you, that is not public knowlegde yet. Have to try to trick it out of them. Tone of voice is important as well. Anyway... Everything is still on track with the Cosmos's deal. biz.yahoo.com Said deal close is very close. The guy darn near told me NEWS would be out sometime this week. Probably Thursday or Friday. Said they would do a press release a day or two after all the " I's" are dotted and " T's" crossed It appears that the deal has grown a bit in size. This is what they are saying on Yahoo message board too. The stock dividend is still a go. One share of the spin off company for every 10 shares of ELGT. Company finished a major stock buy back in feb. Not sure if he said a million shares or a million dollors worth. I was busy writing the last thing he had told me. I will re check that one. Earnings due in June, everything looking good there. Still have strong cash position. Once again, it appears your TA has seen what is going on behind closed doors! In short, looks like a major press release is coming soon as the deal is very close to being signed! Scott

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