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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here -- Ignore unavailable to you. Want to Upgrade?

To: NY Stew who wrote (5172)	9/9/1999 9:26:00 PM
From: Herc	Respond to of 12823

My BellSouth ADSL service deteriorated from a consistent 1.2 mbps to about half that since an outage last weekend. First my regular BellSouth dial up internet service goes to ****, and now this! Whoever said that computers now are like owning a car in 1908 sure hit the nail on the head. Don't expect perfection.

To: NY Stew who wrote (5172)	9/9/1999 10:43:00 PM
From: Tim McCormick	Read Replies (2) \| Respond to of 12823

I searched for Amplidyne as an assignee. If you will notice this patent was issued to Davender Bains the CEO and owner of 38%. The company claims in their SEC filings that they now own this patent, as I assume Bains sold or gave it to them. I found out many other interesting things in the SEC filings. The CEO, his wife, and his brother are the top officers. They have had to take their compensation in stock because the company is near broke. In order to meet NASDAQ listing capital requirements they had to issue floorless conv. pref. stock("death spiral") six months ago. They issued warrants for 90,000 shs. at 1.125 to certain NASD members-I assume for promotion. Their are outstanding a bunch of warrants which the company can force conversion on at 6 if they keep the stock over 9 for 20 days. Almost all of their sales last year were to one Korean customer who deferred delivery. The two interesting aspects of the story are that the technology may have some merit, and they have I guy from Lucent on the board who sounds interesting. Odds are this is a roman candle, but I can't say with absolute certainty they are toast. Tim