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Microcap & Penny Stocks : ADVR:THE NEW COMPANY...WITH A NEW LIFE...AND A NEW MISSION -- Ignore unavailable to you. Want to Upgrade?

To: Kingfisher who wrote (4741)	2/10/2000 11:31:00 AM
From: Kingfisher	Read Replies (1) \| Respond to of 4891

RBB's filling of Form 144 (proposed sale of securities) for 4.4M shares acquired through a recent debenture conversion was reported on Bloomberg. My son has access to the Bloomberg service through his employment and because of his interests in ADVR, he is continually conducting his own DD. It is because of conversations with him that I am posting the following concerning RBB's shares. RBB's shares associated with their last ADVR convertible bond were not registered. RBB was not willing to disclose information required by the SEC. This is why ADVR continuously received deficiency notices from the SEC related to their S-1/A filing. If you go back and look at the S-1/A declared effective in Dec/99, RBB's shares were removed. Therefore, RBB's shares become restricted securities and fall under rule 144. After a certain amount of time (not sure of the exact details) the shares become exempt from registration and can be sold to the public. However, due to rule 144, RBB is required to file with the SEC before doing so. Rule 144 applies only to RBB's shares associated with their most recent convertible bond. The previous converted shares were registered in the SB-2/A declared effective in Feb/98. Apparently the SEC changed the requirements related to RBB between the filling of the SB-2/A of Feb/98 and S-1/A of Dec/99. Therefore, RBB is free to sell the rest of their shares without filing with the SEC. I believe that RBB has sold or is close to finished selling all of their holdings. It is my opinion that they are not long term investors in ADVR. They provide financing for the opportunity to make a quick buck. I agree with the people who suspect that individuals at RBB and/or the MM selling on behalf of RBB, attempt to hype the stock on the message boards.