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Microcap & Penny Stocks : lcav -- Ignore unavailable to you. Want to Upgrade?

To: herb sutcliffe who wrote (915)	10/24/1999 8:11:00 AM
From: Robert W. Popejoy	Read Replies (1) \| Respond to of 942

LCAV has 16 million shares in its float. Don't know if the 2,000,000 will be tendered. Even if it does - IMO it will not have a significant impact. After tax loss selling is over perhaps LCAV will recover some. That's my guess - and thats all it is - is a guess. So I'm holding. Been wrong several times and I have the confirmation slips to prove it. So "you pays your money and you takes your chances."

To: herb sutcliffe who wrote (915)	10/24/1999 12:37:00 PM
From: Arcane Lore	Respond to of 942

All of the following other than the historical facts reflects my opinion only. Some comments on the tender offer: The 2,000,000 (or fewer) LCAV shares that Growth Capital Corporation (GCC) is offering to purchase represents about 3.95% of the 50,699,512 LCAV shares outstanding as of the last quarterly report (see sec.gov ). GCC has also made similar recent offers for shares of Navarre (NAVR) and Coinstar (CSTR). In each of the latter two cases, the offer was to purchase slightly less than 5% of the shares outstanding. Thus all three of these offers are not subject to the various filing, disclosure and other regulatory requirements of Section 14(d) of the Exchange Act and Regulation 14D: law.uc.edu law.uc.edu The SEC refers to such offers as mini-tender offers and has issued a warning concerning mini-tenders with an offering price less than the current share price (see sec.gov ). Note that at first glance, it appears that the GCC offer is not in the mini-tender category of concern to the SEC since LCAV's price has not exceeded $5.25 recently. So what's going on? I've summarized my thoughts in the case of NAVR in #reply-11627125. In essence, the tendering shareholder is being asked to give GCC a free irrevocable call on the tendered shares. Since GCC may extend the period of the tender offer, the term of the call likewise can be extended indefinitely.

To: herb sutcliffe who wrote (915)	10/28/1999 11:00:00 PM
From: Manny Gugliuzza	Read Replies (1) \| Respond to of 942

Herb sorry for the late response, been following the yahoo talk, just need to ignore the trash and read thu the informatives. #12168-12170 should answer anyone questions whether they should have tendered their shares. Last trade may have been at 6 but the sell was at 5$ Actually i am encouraged even with the lower end of earning estimates reported at .03 cents. I have been hoping for the medical health care to get into this arena and the pricing structure that LCAV has adopted will hopefully be a small compromise to the increase procedures that will be affordable and pay assisted thu health care. If the buyorders are heavy we will open gap up but expect a sell off into this unless a real shiff is on from the other providers like LVCI to LCAV. LVCI holders are in some pain and ship jumping maybe at hand. ar.