BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR Message Board

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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR

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To: DAVID C. DeANGELIS who wrote (311)	2/9/1999 9:37:00 PM
From: .com	of 954

David, as a follow up, Anyhing Internet did re-submit one of their applications to conform with the new SEC guidelines. These guidelines now require BB stocks to disclose all financial data before they trade. A good move, IMHO. I am shocked that these BB have been able to trade in the past without disclosing such info first. You are right that these BB have alot of risk associated with them, but maybe these new regs with help to clean some of this up. I am not aware of other new BB stocks which have started trading recently which have gone through this process yet. Some have even done reverse splits with a shell company in order to bypass this. A recent example is AONE. UIHIA got smashed with the market today, but it may be a real good play tomorrow since the UPC IPO is on Thursday. Unlike most of these stories, UIHIA has HUGE value. The part spinning off is worth more than the current whole. Any great story is PWAC. Not only do they have a decent stake in rowe.com, but they have a good stake in Worldgate which filed for an IPO today. (WorldGate provide Internet service over cable for $5 per month. neat story). PWAC also still has their stake in COOL and shares in other companies which will announce IPO's soon. Again, the parts are worth alot more than the whole. So, risky BB play with lots of upside: BANY Safer spin-off play the next 2 days with HUGE value: UIHIA Good spin-off story which should start moving tomorrow: PWAC the sleeper: SFE with their stake in VerticalNet. But, we need some help from the market so that all news doesn't get discounted! Good luck David!

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