Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: dmcl who wrote (724)	2/21/1997 9:51:00 AM
From: Steven Bowen	of 12468

DMCL, I doubt Dennis Patrick is a seller. I would guess his "partners" were venture capalist who make their money on "the deal", not in being investors or stock holders. Mr. Patrick had the foresight through his FCC experience. He probably went to venture capalist to raise the money to buy the licenses. They probably bought all the licenses Milliwave owned for a few million dollars. Even at recent levels, they will make $100M on the sale. They probably already have the money they took out of WCII tied up in other deals, rather than waiting around for WCII's stock to perform for them. Of course, you see a lot of "probably's" here. This is just my best guess and has no basis in reality. Steve PS Does anyone know or know where to find the number of shares Mr. Patrick owns? My guess would be you'd subtract this amount from 3.5M and that is the amount his "partners" have to dump. I estimate someone is selling approx 50,000 shares per day and therefore could have dumped around 2M shares since the takeover. Lets hope Mr Patrick is holding the other 1.5M.

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