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Non-Tech : Ashton Technology (ASTN) -- Ignore unavailable to you. Want to Upgrade?

To: Nanchate who wrote (3026)	11/30/1999 7:19:00 PM
From: PDL	Respond to of 4443

Nanchate: Thanks for posting that impressive list of institutional holders. Impressive given the low stock price and tiny market capitalization ($162MM). Institutions like this usually don't invest in companies below $500MM or even $1 billion. I agree with your conclusion that this bodes quite well for eVWAP and the upside potential for ASTN. This stock has required a huge amount of patience on the part of the longs, but I suspect January will see some terrific upside from here. JMHO.

To: Nanchate who wrote (3026)	12/1/1999 4:13:00 AM
From: Candle stick	Respond to of 4443

You left out Rose Glen who will eventually own 1.8 (or thereabouts) million shares for their 20 million investment....... a bit about Rose Glen from their web site: Criteria In evaluating prospective portfolio companies, Rose Glen looks for: Superior management, with a solid track record; Established or promising products, services, science or technology; A well-defined business plan and defensible market position; and Significant growth potential, combined with manageable risk. Relationship Since December 1996, Rose Glen has made approximately 70 investments in 50 companies. Rose Glen aims to develop long-term relationships with each company and to be the investor of choice to make follow-on investments to support continued growth. Rose Glen acts as a passive investor and does not require board representation. Size In most cases, Rose Glen acts as a sole investor or a member of a small group of investors, depending on transaction size. Rose Glen's current investments range in size from $1 million to $50 million. Structure Rose Glen invests in private placements of securities issued by public companies. Although every transaction structure is unique, a typical investment will be in the form of convertible debt or preferred stock, or some combination of common stock and warrants. Process Time frames vary, but typically an investment can be consummated in approximately two to three weeks after agreement upon terms. Following a preliminary review of a potential investment, Rose Glen will send a term sheet to a prospective company. After the parties have agreed upon the general structure of an investment, Rose Glen will meet with management and conduct an in-depth due diligence analysis of the Issuer's business. Documents can generally be prepared and negotiated in a few days to a week. ..............sounds like they are in for the big payoff and the long haul, no?........;^)