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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (15342)	11/29/1999 3:45:00 PM
From: TallTrader	Respond to of 150070

ELST, .35x.41, low float, undiscovered wireless play SEC reporting. Profitable, below book value wireless modem maker. Has not moved with wireless companies yet. Should move fast with only 5 million shares outstanding. esteem.com Electronic Systems Tech. Ticker: ELST Page 1 of 10 Complete Financials: June 1999 Exchange OTC Earnings Announcement: September 1999* FY END DEC ISSUE DATA (11/26/99) PER SHARE DATA RATIOS Price $ 0.35 EPS (TTM) $ 0.01* P/E (TTM) 29.17* 52W High $ 0.53 Div. Rate $ 0.00 Yield 0.00 % 52W Low $ 0.03 Book Value $ 0.44 Price/Book 0.80 Shrs Out 4.95 Mil Cash $ 0.29 ROE (TTM) 3.11% Float 4.40 Mil Rev (TTM) $ 0.23 ROA (TTM) 2.98% Mon. Vol 0.04 Mil Curr. Ratio 16.86 Beta 0.00 LT Dbt/Eqty 0.00 BRIEF: ELST specializes in the manufacturing and development of the ESTeem Wireless Modem (which allows computers to communicate via radio frequency waves). For the six months ended 6/30/99, revenues fell 29% to $511K. Net loss totalled $35K vs. an income of $72K. Revenues reflect lower domestic, foreign and U.S. Government sales revenues. Loss also reflects higher salaries expenses, and increased design, printing and engineering services. PRELIMINARY: For the 3 months ended 09/30/1999, revenues were 276; after tax earnings were 22.

To: Jim Bishop who wrote (15342)	11/29/1999 3:56:00 PM
From: SSP	Read Replies (1) \| Respond to of 150070

CCCZ - getting interesting

To: Jim Bishop who wrote (15342)	12/1/1999 11:11:00 AM
From: paper man	Read Replies (1) \| Respond to of 150070

Jim Bishop. Yes, I know all you would like to know about JTAN. It is a shell, facing delisting unless they move to avoid, has no active business and about a $50 million tax loss carryover. They got their ass kicked in the market place more than a year ago and liquidated earlier this year. The shell is owned by Rice Partners II, Houston TX, they are an investment banking group with about a billion under managemnet in 22+ companies,of which Jotan was one public company. Rice is Junior debt company that stepped out to a Senior debt aquisition and got their ass kicked by JTAN's two private competitors. Rice Partners hold about 60 million shares from the Senior Sub debt and have no active business in the shell, just holding a huge tax loss carryover. Personally, I lost $130,000.00 more than a year ago as they were one hell of a good combined company from the aquisition of Southland Packaging in Dec. 96. By Feb. 98, the company was treading water and finally had to liquidate. Bank Paribas was in for $25 million and I am sure they will or did get paid. Rice Partners II would be smart to keep the shell reporting, and or use the shell for some benefit. Frankly,I have not stayed in contact the past 12 months as I was close to a shareholder lawsuit against them, but never filed. I held up to 4% of the company before they went down. Good luck

To: Jim Bishop who wrote (15342)	12/1/1999 11:24:00 AM
From: paper man	Read Replies (2) \| Respond to of 150070

Jim. One other thing. The family that was bought out, the original owners, more than likely still have about 5 million shares to move; let alone the 60 million or so that Rice owns. If there is upside other than you or someone else buying the stock, my guess is MMs are getting this one ready for the barn. Be careful is me thoughts...... Then again, maybe I am not up to date and it could be possible that Rice Partners, if they have a majority ownership in 1 of the 21 private companies they are vested in, they may try a reverse merger. But, I doubt it as they hold minority stakes in their portfolio. And in addition, a reverse split would be likely with 70+ million outstanding. Also, there is probably standing, secured debt they may not have settled yet and you might check to see if there is anylawsuits by the state workers comp division. Good luck.... pay me later:))