BYWD - Baywood International Message Board

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Microcap & Penny Stocks : BYWD - Baywood International

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To: Marc Bertoglio who wrote (22)	7/21/1998 11:53:00 PM
From: lightfoot	Read Replies (2) of 74

In reading the 8K report There is an upside concern !!Mr. Choi! He has loaned them money for a number of years and is now free to cash in on some profits from that loan. The question is how long he waits to sell some shares. What price is he comfortable and interested in taking some profits at? This concerns me when you look at the price he got the shares for. Also a concern is this quarters earnings, they have not had any orders from their main customer (98%) since March 31st, and because of the political climate it looks like they won't for at least the near term. I would be careful of a pump to dump Mr. Choi's shares. I will watch it to see how it moves! According to the conversion rights of the Class "C" Preferred Shares, and based upon an average share price of $0.126 per share of the Company's Common Stock prior to May 8, 1998, Mr. Choi will receive 7,301,587 shares of Common Stock upon conversion. The shares will bear a restrictive legend that states that the shares are subject to resale restrictions and may be resold only pursuant to a registration statement or in reliance upon a valid exemption from registration. After the conversion, Mr. Choi will beneficially own 8,767,737 or 35.21% of the Company's resultant 24,899,702 issued and outstanding shares of Common Stock.

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