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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: M. Walton who wrote (13987)	10/26/1999 4:46:00 PM
From: KevinThompson	Respond to of 57584

Judging from the date of last quarter's report, I wouldn't expect this Q's report until into Nov. HandsOn posted the other day after he had spoken to the CFO, stating that the float was 1.3M rather than the reported 600K, and that the anticipated internet account access would not be up until Jan. I told him I'd check into it. I researched and researched and came up with nothing but 600K listed and reported as float. Came up with other interesting, but unconfirmed, things as well; such as a previous relationship somehow in 1992 with a company named "New Frontier Media, Inc." that is in the adult entertainment business. I called the CFO myself finally to get a confirmation of the float question. I did not ask about the internet account access. I didn't mind waiting till Jan if that were the case. He stated that there are 1.7M shares outstanding and that there is approx. 500K shares owned by family and other insiders. He stated that by his definition of "float" that would mean there are (1.7M-500K)= 1.2M shares in the float for public trading. Take that for what it's worth. I will say that he (Robert Daskal, the CFO) did sound very sincere and I was very pleased at the prompt response I received. In light of this information, I've decided to step to the sideline today to watch what happens and reduce my overall risk. Today seemed like a good day to do just that. It may turn out that nothing has changed since NATS first came on our radar screen, but I'm a little less "gung-ho" so to speak than I was earlier. I will watch and may re-enter again later depending on how the price moves. Regards, KT