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

To: Bill Wexler who wrote (2744)	8/3/1999 9:50:00 AM
From: Minnow	Read Replies (1) \| Respond to of 10293

My cost basis is around 14. And I am not worried. Nothing has changed. There is something different about WAVX you may not know. It is that secure transactions and content metering MUST be done in secure HARDWARE to be successful. This is fundamental. There is no other fundamental play on this paradigm than WAVX. I know the deployment schedule. You may have your fun in the meanwhile. I am waiting long, like I did with QCOM this winter. Minnow

To: Bill Wexler who wrote (2744)	8/3/1999 10:10:00 AM
From: TRIIBoy	Read Replies (2) \| Respond to of 10293

Bill, take a look at Ballys total Fitness (BFT). The only reason this company is not in Chapter 11, right now is that money is so easy today that they keep borrowing and borrowing money. Take a look at their latest earnings report to see how ridiculous their balance sheet is: biz.yahoo.com Why BFT is a great short: 1)insane levels of receivables 2)leveraged to the eyeballs debt 3)FCF negative and worsening 4)company uses despicable practices to sell memberships 5)little barrier to entry in industry 6)one of few companies to have web sites dedicated to complaints: compupix.com and: consumeraid.org Eventually this company reaches its limit of borrowing and implodes. Opinion?