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Strategies & Market Trends : JMills' Center of Trades and News

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To: Jeff Mills who wrote (12)	1/22/1997 9:22:00 PM
From: LAWREAL	of 57

TCHP had a tough 1996. Hit a high of $7.50 then nosedived to 3/16. I bought shares first week in January at the $.23-.25 levels. Have an interesting product---a very user friendly telephone/computer product. Company says it did very well at a trial in Disney park. One of their problems is that the did one of those infamous Reg-S deals in 4th quarter. Company claims the $3,000,000 was placed with one long term institution type in England. But it was one of the convertible debenture type deals wherein, as the price drops you can convert into a greater number of shares (Barron's had an article on this recently). Thus at $3 could convert into, for example, 1 million shares, at $1 can convert into 3 million shares. Thus, at current price potential, dilution on conversion is "infinity". The AMD announcement was a positive as the company is seeking strong strategic alliances to get their self respect back. Two other stocks I am favorable (and long)on are: Skygames (SKYGF), up from 3 to 4 in past week--involved in in flight gambling. Own an interest in a joint venture with Harrahs.. Nuko Information System (NUKO)--video compression From what I hear, FWIW, there are interesting developments afoot.

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