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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?


To: Bill Wexler who wrote (1738)7/6/1999 10:52:00 AM
From: TRIIBoy  Read Replies (2) | Respond to of 10293
 
VTCH pumps up its stock before the big dump comes from a floorless convertible:

On May 21, 1999 (the "Original Issue Date"), we issued $10,000,000
aggregate principal amount of two year 10% convertible debentures. The
debentures are initially convertible at a conversion price of $11.00 (the
"Initial Conversion Price"), subject to stock splits, stock dividends, rights
offering by us in certain combinations, capitalizations, reclassifications,
extraordinary distributions and other similar events. In the event that we shall
decline to repay in full, following the exercise by the debenture holder of the
put right (as defined below), the Initial Conversion Price shall be the lesser
of (i) .85 multiplied by the 10-day volume weighted average closing price as
reported on Nasdaq as reported by Bloomberg Informational Services, Inc. (or
other principal exchange on which our securities are traded) for the lowest
10-day consecutive day period during the 30 consecutive trading day period
ending one trading day prior to the conversion date, and (ii) $11.00 per share.
We are authorized to issue up to 2,927,130 shares of common stock in connection
with this transaction without seeking shareholder approval. In addition the 10%
convertible debentures prohibit each holder from converting in excess of 4.999%
and 9.999%, respectively, of the outstanding shares of common stock following
such conversion. Either restriction may be waived by a holder of 10% convertible
debentures upon not less than 75 days' notice to us.

Every other time, VTCH has fraudulently promoted its stock it always ends the same. This time it will fail at $13 yet again. Shares to borrow can be found at BankAmerica sec. and I heard E*Trade has shares too.



To: Bill Wexler who wrote (1738)7/6/1999 6:46:00 PM
From: Bill Wexler  Respond to of 10293
 
Wexler issues a Scamwatch(tm) alert!

MCHM and ERTH seeming to defy gravity again.

Reshort MCHM if it crosses 8 a share.

Same goes for ERTH.



To: Bill Wexler who wrote (1738)7/7/1999 3:54:00 PM
From: Marconi  Respond to of 10293
 
Hello Mr. Wexler: NVX
North American Vaccine just peaked at 7-3/8 in the last hour. A story stock with less performance than Zitel. I could not get shares. It trades erratically. Negative book value. 10:1 expenses to revenues. Vaccines are a low margin business. I do not believe NVX's story of a superior vaccine, which has been their story the last decade. They received approval in the last year and sales have been marginal. Low float. Shares are usually hard to find to short. Trading volume is thin most of the time. Now that they are commercial, they should impale themselves with their performance IMHO.
Best regards,
m



To: Bill Wexler who wrote (1738)7/7/1999 5:52:00 PM
From: Bill Wexler  Read Replies (3) | Respond to of 10293
 
The IDX stock promotion fraud.

Recent rumors about an impending "deal" between Novell and IDX were proven false today.

go2net.newsalert.com

Identix is a financially weak company in a zero growth business. Recent fraudulent promotion has artificially raised the price of the stock ahead of a dilutive financing arrangement. I expect the stock to return to < 5 a share and reiterate my STRONG SELL/SHORT SELL recommendation. As always, I remain flattered that IDX shills mention me continuously in the midst of their nonsensical delusions regarding this company.