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Gold/Mining/Energy : Infowave Wireless Messaging IW:TSE -- Ignore unavailable to you. Want to Upgrade?

To: Robert Dydo who wrote (775)	6/18/1999 5:28:00 PM
From: Robert Dydo	Respond to of 1690

Chip, Actually,I looked closely at this, once again hot head ain't smart head. I posted on stockhouse, what I think.

To: Robert Dydo who wrote (775)	6/19/1999 6:16:00 PM
From: New Economy	Read Replies (3) \| Respond to of 1690

Your negative comments regarding Infowave's ammendment to the rights offering needs to re-visited. Firstly, they are not being squeezed by the brokers. IWM management is really smart...they are capitalizing on the strong run-up in their stock by initiating the warrant issue. This is really good for current shareholders because IWM can now get more cash without dillution ie. less shares to issue vs. doing a warrant issue when the stock is @ $1.75. Here are some points to consider: 1. To start with, I would never believe this especially considering the warrant issue was through more than one investment banker: Yorkton, Cannacord & Taurus Capital are involved. 2. Bid.com & MCF warrant issues by Yorkton Capital I must reiterate my point about Bid.com warrant issue back in Oct. 1998, not to forget MCF warrant issue. The point I am trying to make is the exposure Bid.com attained from Nov. 1998 onwards. Here you have a stock trading in the low $2.00 range and then it hits $5.95 on the tail end of Nov. 3. IWM has a lot more credibility than BII & MCF would have in terms of business model and an analyst ability to forecast sales. Conclusion: Keep in mind that the above listed Investment Bankers have a strong interest in ensuring IWM stock moves NORTH of $5.00 in the next 90 days for both their own pockets and their clients. Given the fact, the warrants are exercisable to buy stock in IWM at price points of $3.25 & $3.75. Just go look at the BII chart back from Oct. 1998 onwards and the related news release of the warrant issue.