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Microcap & Penny Stocks : SONM – Sonoma Financial Corporation (was VMAX) -- Ignore unavailable to you. Want to Upgrade?

To: walleye who wrote (134)	10/28/1999 4:57:00 PM
From: paper man	Respond to of 205

Walleye. Sorry that PCBM and other confusions leave us all out there.. If you were to call VMAX, you would be informed that: K's for 97 and 98 will be out very soon.(my quess mid next week). O/S 72 MM+ O/S Float 6.9MM Float Total 15 MM Our group contact spoke with IR yesterday and confirmed the above, along with the fact that the Definitive will probably be out next week also, and the closing should be complete in about 2 weeks. Easy Money is a pretty sophisticated company, bonafide CFO, and the owner is "the Pioneer" in this industry. The combined company has solid aquisition plans as previously described; with large Bank Credit lines that are currently unused and will allow flexibility in that area. Sonoma Company is extremely clean. The VMAX shell they aquired has a $10MM+ tax loss carryover. Easy Money is a fully liquid Company with little or no debt. They provide their own loan infrastucture!! Sonoma has about 700K in total debt. As for terms in closing, we all will have to wait for the Definitive. The most we could get out of IR was that new ownership will have resticted shares up to 6 years. This Merger is a merger of assets and value. No one is borrowing money or issuing Debentures!! The insiders do not sell and have not, and there is no Reg S or Foreign or Domestic Convertible Debentures!! I see the float tight until some sellers add to the market. I described last night in a post to Monte about the float and the 3 or 4 local investors the company gained over the past two years that may hold a few million shares. Go back a few posts and review. WALLEYE. I dont run this show, I am just a recipient of serious and in depth DD. Sorry I do not support lone any longer, but when you see what occured with the penny pump letter and the stock get whacked, and rumors of poor managemnet, then how could I. Monte and I are long here and with the company rate of growth, we will probably be longer when we see the Definitive Agreement. I may sell a few shares at triple my average, but I will be content in June 2000 to be long. Our group is anticipating a flow of strong, non penny play investors intothe stock. After our in depth DD, we have reason to believe that this company will have positive net earnings per share in 99 and forward. Walleye. Glad to have your interest here. Hope I do not sound like the cub reproter, but I have read everything to you from our Groups' internal DD correspondence circulated each event. We have 7 Investors in our group, of which 4 are in this stock. Stock moved up early today on low volume and we speculate those couple momo traders got impatient and vacated. Walleye... from Insurance to Banking.... best regards

To: walleye who wrote (134)	10/28/1999 5:21:00 PM
From: paper man	Read Replies (3) \| Respond to of 205

Walleye.. Intersting you brought up the PCBM smoker... VMAX is pure play Banking. No conviennet stores or donut shops. Stock at .20 on yesterdays news... The way you tell the diffrenece between a conservative company that has merrit, is that they HAVE NOT spent the past month telling us that they PLAN ON DOING this big merger in October and we will keep you informed.....and continue to give us one release a week that amounts to nothing more than a weather reprot..... This company has never HYPED their own stock. Never a leak, no need to pump share value, to dump, or to dilute. Thats the difference. You dont need to believe me, you can TRUST the company. As conservative as these Bankers have been, I doubt they would have even issued the "Letter of Intent" news if the deal wasnt done in the first place. Why have to go back to your .20 market and say, whoops, we goofed. The stock never ran to begin with. good luck pal