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Technology Stocks : ADFLEX SOLUTIONS ( AFLX ) -- Ignore unavailable to you. Want to Upgrade?

To: Kent Sarikaya who wrote (700)	7/17/1999 1:10:00 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 718

Kent, I recently took the time to review some of the latest SEC filings for AFLX. One filing I found very interesting is SC 14D9. It is a long document, but buried in the middle, starting on page 17, (B) BACKGROUND; REASONS FOR RECOMMENDATION, gives a detailed accounting of the steps AFLX took to obtain more financing. If you haven't read it, you might want to take the time to do so. It can be found at: freeedgar.com; SECIndex=893&Extension=.tst&PathFlag=0&TextFileSize=215649&SFType=&SDFiled=&Date Filed=7/8/99&SourcePage=FilingsResults&UseFrame=1&OEMSource=&FormType=SC_14D9 &CompanyName=ADFLEX+SOLUTIONS+INC If that address cannot be obtained directly, just go to free EDGAR and click on SC 14D9. I also reviewed the 10-Q report for the first Quarter results for 1999. One of the items in the report shows stockholder equity decreasing from 47,449K to 26,860K, a -43 percent hit for the Quarter!! It is just one indication of how bad off they really were! The SEC documents also show that with approximately 9M shares outstanding and 34M in debt, INVX is paying almost $4 per share to retire the debt. Some company could come in with a higher bid, which AFLX would have to consider, but as indicated in SC 14D9, many companies have already looked at the possibility and bowed out. It is certainly beginning to look like we have reached the end of the road for AFLX as we presently know it. Another very expensive lesson in not cutting our losses short when we had the chance.