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Technology Stocks : WAVX Anyone?
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To: Pure Folder who wrote (3529)8/5/1998 7:07:00 PM
From: snackman  Read Replies (1) of 11417
 
Pure Folder

Good afternoon. I talked with David Collins last week and according to him Steven does not own any shares. He does have options but he could not tell me at what price. He said a proxy will be coming out soon and will list his options.

Peter is converting "b" shares to "a" shares. The "b" shares are voting shares only. By converting to "a" shares it give him the ability to sell when he wants to in the open market. There are no buyers for the "b" shares.

Peter owns 1.5 Million shares. Each time he sells the "b" shares he buys the "a" shares. His position has not changed.

The options give Steven a huge incentive to see this company to its frutation. I believe he will.

Snackman
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