WCAP - Winfield Capital: Insider buying Message Board

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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying

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To: Top Jim who wrote (892)	4/21/1999 5:08:00 PM
From: Tom Hua	Read Replies (2) of 1305

TJ, the company has fixed the discount rate for reporting unrealized gain/loss. If they change it each quarter (and raise eyebrows with the SEC), then they will have to restate prior quarters' numbers. I doubt that's what they'll do. If they choose to change to a 10% discount for COOL, the restated gain for 98 will be larger than reported, but the loss for the quarter ended 3/31/99 will also be larger than my estimate based on a 30% discount. The company records unrealized gain/loss on an equity investment only if the stock has traded the entire quarter. ROWE will not show up for the quarter ended 3/31. Same reason unrealized gain in COOL was not reported for the quarter ended 9/30/98 (COOL ipoed in July). Regards, Tom

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