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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (13307)	4/26/2000 1:27:00 PM
From: StockDung	Read Replies (1) \| Respond to of 18998

2TheMart locks out ex-employees TECHNOLOGY: Former workers seeking their paychecks are turned away without answers or money. ocregister.com April 26, 2000 By CHRIS FARNSWORTH The Orange County Register IRVINE -- A dozen former 2TheMart employees showed up at the e-commerce company's offices in Irvine on Tuesday, hoping to find out why their paychecks bounced. Instead, they found themselves locked out. 2TheMart, which is being absorbed by GoToWorld.com of Orange in a continuing merger, refused to answer the ex-workers' questions or to allow them on the floor of the offices. 2TheMart, which promised to compete with popular auction site eBay, was once worth nearly $600 million on the stock market but tumbled rapidly after a series of setbacks. The company now faces several shareholder lawsuits, and its stock dropped 20 percent to close at $2.88 on Tuesday. "All the (garbage that GoToWorld.com) was supposed to cut themselves off from, with 2TheMart, is just following them," said John Carter, a former database administrator who said the company owes him more than $32,000. Officials at 2TheMart did not return calls for comment. The ex-workers left after about an hour of waiting outside the office tower off Von Karman Avenue. They said they planned to file complaints with the state's Division of Labor Standards Enforcement. By law, the employees should have been paid as soon as they were terminated, said Dean Fryer, spokesman for the state Labor Commissioner. By delaying, the company is liable for wages for each employee for every day it doesn't pay them, Fryer said. "I would encourage all the employees who have not come forward for wage claims to make a claim," Fryer said, and gave a number for more information: (213) 620-6330. Mitesh Damiana, 23, a former programmer at 2TheMart whose bank records showed that his last two paychecks from the company bounced, said the experience hasn't soured him on working for a dot-com. "It doesn't matter if it's an old-economy or a new-economy company," he said. "People still deserve to be paid for their work."

To: Mr. Pink who wrote (13307)	4/26/2000 2:29:00 PM
From: Mad2	Read Replies (3) \| Respond to of 18998

Welcome back! Concerning MERCS it seems to be too good to be true. Wrote down 22mil of problems related with paper mill assets in Q4 (discont. opers) and are having a smooth start up of Rosenthal (95% of capacity) in Q1 in a strong pulp market! Rosenthal should contribute 40mil per qtr in revenue, near doubling. MP, whose the analyst that pushed est's on MERCS from .6 to 3.5/share after the Rosenthal update and how credible is he in Your opinion. Assuming MERCS gets close to those numbers and I'm looking at the numbers correctly, this thing is a STEAL! Best Regards, mad2

To: Mr. Pink who wrote (13307)	4/26/2000 4:57:00 PM
From: torquatus	Read Replies (3) \| Respond to of 18998

Would Mr. Pink deign to share an opinion on mercs?

To: Mr. Pink who wrote (13307)	5/3/2000 6:32:00 PM
From: jjrocket	Read Replies (1) \| Respond to of 18998

Mr. P$nk, Please excuse my ignorance, but in the CC for GBT the term 'silent filing' was used in reference to the Bestel IPO - apparently because it is a foreign company? My fruitless research has led nowhere concerning this term. Any input on this or the GBT results in general would be greatly appreciated by many of your minions. Other: Many of us have done great on NDS. Any additional comments on that? Many thanks for these and the many others!!! RESPECTFULLY! Atlanta