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Technology Stocks : Information Management Associates - (IMAA) -- Ignore unavailable to you. Want to Upgrade?

To: TheLineMan who wrote (39)	8/20/1999 10:10:00 PM
From: TheLineMan	Respond to of 165

Let me put things right it seems to be a low risk deal for CMGI. I was trying to visualize things - presuming that the stock stays at $10. It helps me think - even though the scenarios are unlikely. 1) If CMGI exercise their warrants and sell their shares and redeem the $10 mil in buyingedge they have $15 mil in profits, and their original $10 mil. IMAA wil own 95% of buyingedge.com and will have $13 mil in cash by virtue of the warrants. IMAA wil be diluted by 20% (the extra 2.2 mil shares). 2)If CMGI exercises all the warrants the own 20% of IMAA and also own 44% of buyingedge.com (by virtue of there IMAA holdings) and show paper profits of $15 mil. 3)The investors can exercises the 660,000 warrants at $4 and sell for $4 million and still own 15% of IMAA and 40% of buying edge with paper profits of $11 million. IMAA is diluted by 7% but get $2.4 mil in cash. Don't ask me what I make of all this. I'm just noting that the excitement of CMGI investing also benefits them indirectly when the price of IMAA goes up (virtue of the warrants). As long as IMAA stays above $10 - their investment is a freebie.

To: TheLineMan who wrote (39)	8/21/1999 5:48:00 PM
From: Wolff	Respond to of 165

BeWhere, excellent look at the CMGI #'s, of course to TJ and daytraders this matters nothing, they been nailing this thing like a piece of meat in shark infested waters. But on Friday it was clear, the meat was gone, and the biggest shark TJ had swan off bragging of a $250,000 profit. (funny note, TJ's crew wonders if he sold, LOL, last I check any long counts profits after the sale, he did not say I am up on paper, nope, of course he is out, and he is out at 13+, not the single digit close) On Monday some small fast sharks will swim in, nail it again in the first 10 minutes and the meat will be done. The daystraders will soon if not already moved on to another one. THEN the fundimentals of the business, the details of the deal, and whether IMAA is viable will matter. The shift to reality began on Friday and will continue this coming. SI still has mostly investors posting, not hypsters, you should be able to draw a telling conclusion, by examing the literally thousand of posts on the Yahoo board, in the last few days, hyping this pump and dump to the 40 or so messages here. wolff