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Microcap & Penny Stocks : PAYP -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (42)	6/8/1999 7:54:00 PM
From: Richard K.	Read Replies (1) \| Respond to of 179

Here from the 3/23/99 news release says the financing has been finalized. You have heard differently? Pay Pop Inc 3/23/99 - Conclusion Of $6 Million Financing Agreement PAY POP INC. ("PAYP-L") - Conclusion Of $6 Million Financing Agreement Pay Pop, Inc. announced that its $6 million financing agreement with its New York based investment-banking syndicate has been finalized. Mr. Daryl Desjardins, President and CEO stated "the agreement calls for funding $4 million US dollars on a "Firm Basis" and the balance on a "Best Efforts" basis". He further went on to state that, "the funds would allow PAYPD to expand its existing telecommunications base on a global basis with very little dilution to its shareholders." In related news, PAYPD announced that it has made three additions to its marketing, sales and management team, Mr. Robert Abbott, Mr. Sanbir Minhas and Mr. Brian Cohen. PAYPD believes the additions will assist with its explosive growth and expansion. The three bring significant experience in marketing, sales and subsequent growth and expansion to PAYPD and they are already aggressively pursuing new markets and distribution channels for PAYPD's telecommunications products. The initial target areas include Quebec, Alberta, Saskatchewan and Manitoba Canada. This new coverage area will greatly complement and enhance revenues. PAYPD is already successful with its services in British Columbia and Ontario. PAYPD believes the new marketing/sales teams in the immediate future will bring in up to ten thousand (10,000) new lines per month in Canada alone. PAYPD provides its telecommunications products and services through its wholly owned subsidiary Delecom Communications, Inc. The combined corporate entities and seasoned management team are utilizing their extensive experience and are taking advantage of the opportunities being afforded in the current telecommunications evolution. PAYP provides traditional services such as business telephone lines (Centrex Services) and long distance reselling and leverages this platform to provide new revenue generating services which include Voice over IP (VOIP) and Fax over IP (FOIP). PAYPD under new regulations and technologies will provide in the future a seamless convergence of voice, data and video on the same network to its customers.

To: Ga Bard who wrote (42)	6/8/1999 9:11:00 PM
From: Iknownothing2	Read Replies (1) \| Respond to of 179

Ga Bard, I was able to verify from TA, that the fully diluted shares have indeed been reduced to 7.8 million. At least this is good news. Since it has been determined that the financing referred to in the 3/23 PR has indeed NOT been funded as yet, I suspect the company may have found themselves short on cash. This could have prompted the need for the President to sell some shares until the final funding has taken place. Yes, I have to admit it certainly doesn't look good when any insider sells shares. But, I would rather it be known via a 144 filing than to find out later it was coming from some offshore acct. If you think about it, why would the president even WANT to sell and screw up the market for a measily 300,000 shares, ESPECIALLY if the company is trying to finalize some kind of financing??? It just doesn't make sense to me. The only thing that makes sense is, that there was a need for cash. Any time I have seen P&D in the past, it has involved a whole hellava lot more stock than this. It's unfortunate that the 144 filing occurred, right at this moment in time, right when it appeared to be on the verge of breaking the $.30 barrier. All it did was give fuel to MM, who are from all appearances, shorting the stock. I believe the shroud of uncertainty will continue to remain until such time the funding is announced and verified. Hopefully that won't be a long wait. Thusly, I am not ready to throw in the towel just yet. Man O man.. what a difference a day makes! FWIW, Steve