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

To: Sir Auric Goldfinger who wrote (3332)	2/14/2000 5:56:00 PM
From: mst2000	Respond to of 4443

Auric - As usual, your command of the facts is not that hot. Your use of adjectives is similarly out-of-control, but I'll leave that one between you and your conscience. 1. Re Burn Rate: Make that 24 months, not 6 months, to consume cash at current rate. The ATG burn rate is slightly over $700,000 per month and they still have almost $20 Million in cash or short term investments - the 10Q specifically states that they could continue operations for 24 months without revenue from eVWAP. And all burn beyond the $700K per month is from Gomez, which just got around $35 Million to fund its operations to, and through, the IPO. What the financials reveal is that Art Bacci is exercising tight management over ATG's spending and that eVWAP has little or no meaningful income at this point - the latter was known, the former only speculated at. Out of curiosity -- where did you get "2 quarters"?? Made it up? Didn't read that carefully? Or playing fast and loose? 2. You've got the Gomez private placement wrong too - The current private is a two parter - the 10Q points out that $18 Million of it closed (and was funded) in late December, and that the rest is closing this month (the second part is, by the way, for about the same amount as the first part from what I understand). In essence, $35 Million or so was raised through BankBoston Robertson Stephenson, and if I am a betting man, an IPO, with Robbie at the helm, gets underway just as soon as the PP is complete (I don't think Robbie puts its best customers into an non-publicly traded security for very long -- just my opinion of course). Give 90 days for S-1 paperwork, etc., and you are looking at a Gomez IPO in the spring of 2000. Hard to say what will happen from one day to the next trading a stock like this, dependent as it continues to be on future events. But if Merrill, Fido and other gorillas sign on, and the initial roster of 60 institutions and broker-dealers, with their 8+ national clearing agents, are live by Mid-March as indicated in the 10Q, with SDS, Belzburg and MacGregor to follow right after that, I don't think you will be calling it either "greased" or "pig" a month from now. And "crappy" will describe what the shorts will be doing in their shorts when that happens. MST