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Microcap & Penny Stocks : WaveRider WAVC NASDAQ ISP Wide Area Wireless Internet -- Ignore unavailable to you. Want to Upgrade?

To: Shumway who wrote (1232)	10/31/1999 12:51:00 AM
From: SwampDogg	Respond to of 1848

<<"WaveRider Communications Inc. (OTC BB: WAVC, Frankfurt WVR.FSE), a leading global provider of wireless Internet access products,">> There should be some regulations when using the term "leading". Where is WAVC leading anything? This company has done an amazing job of not making investors any money during a huge mania in both internet and wireless stocks. I guess that is leading something but I do not think that it is very flattering. <<"The terms of the financing will allow WaveRider to continue its exciting development of wireless Internet access products and to increase our already rapidly growing market penetration in markets across North America and around the world.">> Translation... We can keep the doors open for a little while longer.

To: Shumway who wrote (1232)	10/31/1999 3:05:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 1848

Shumway, I thought that the "equity line" is nothing but a leaky floorless instrument. The company draws on the line as it needs it and the conversion price is determined on an average around the time of draw down. That is a dangerous type of financing. RNTK stock suffered a lot from such a line, and VLNC is essentially using a month by month equity line like that as well, and the stock there broke through the $6 support in the last few months. Zeev