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Technology Stocks : Totally Hip Software Inc. (THW) - Just the Facts
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To: Ross who wrote (489)4/7/1999 3:35:00 PM
From: JADE  Read Replies (1) of 704
 
THW UPDATE:

I called the company and asked to have the number for the Chairman. I called and left a message and within one hour the Chairman called me back from New York.

The conference in Toronto went very well, with over 150 people attending many of which serious investors.

THW have been called back to New York and have three shows tomorrow, two of which are at the Apple New York headquarters. The feeling is very upbeat, and the Chairman said they are going into full swing promotion. The Livestage product is blowing everyone away, the feedback is excellent he says.

The westcoast shows are completely booked, an excellent sign of course.

Now the stock price: it was stated to me that the reason for the increased volume but the downturn in the price is due to two shareholders that took part in a private placement a few years back. They have to sell a block of shares that should be out within a few days. This creates an excellent buying opportunity. They are also selling three other stocks and the selling is not a reflection on THW in the slightest. The apparently are funding a large project and have no choice but to cash out. They did not want to sell but are forced to for financial reasons.

That is all for now, the feeling around THW is very upbeat, I would assume a higher share price is just around the corner. Watch for news on this story very soon.

JADE
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