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To: Jerry Olson who wrote (2395)	10/27/2000 5:08:07 PM
From: sam_o	Respond to of 8925

HGSI raising secondary money??? More debt??? Do you follow the three crows? Since the BTK went down 27.12 today .... does this stock fit the mold? What's your call, short term?

To: Jerry Olson who wrote (2395)	10/28/2000 9:22:34 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 8925

OJ, Excerpt taken from a newsletter I get.....! Looks like trouble brewing for many major Internet finincial web sites. They can't balance the books. Most likely this will continue in all of Internet Land, shaking out the crowd. Only the J.C. Crew's will survive...! ~~~~~~~~~~~ WSi suffers with the industry WSi Interactive Corp WIZ Shares issued 50,679,745 Oct 26 close $0.36 Thu 26 Oct 2000 TOUGH TIMES FOR FINANCIAL SITES by Stockwatch Business Reporter These are tough times for financial Web sites. The self-proclaimed leader, MarketWatch.com Inc., on Wednesday reported a net loss of $20.3-million in the three months ended Sept. 30. That brings the company's net losses for this year (the nine months to Sept. 30) to $66.9-million. Its cash position is down to $48.4-million (working capital, $61.5-million), a depressing drop from the $103.8-million it raised since its January, 1999, initial public offering and subsequent private financings. (All figures are in U.S. dollars unless otherwise noted.) For MarketWatch's investors the latest quarter was just more of the same as the market had already punished the company for its inability to turn around its finances. Its shares, which had traded intraday at $130 on Jan. 15, 1999, the day of its IPO, now trade at around $4. The declining fortunes of MarketWatch are mirrored by those of fellow U.S. financial Web site TheStreet.com Inc. TheStreet.com's trading high was $60, reached shortly after its May, 1999, IPO that, together with other financings, left it with $127-million on June 30, 1999. A year later, on June 30, 2000, TheStreet.com's treasury was down to $90.6-million in cash and a working capital position of $81.3-million. The reversals of fortune among major financial Web sites have been equally acute among Canada's would-be's and want-to-be's in the sector. Vancouver-based Stockgroup.com Holdings Inc., which often draws dubious comparisons between it and TheStreet.com, peaked at $4-15/16 in February, 2000, and more recently has been wobbling around a dollar. Its financial losses have not been as dramatic, but Stockgroup had less to start with. It raised $5.4-million in a private financing in March, 1999. With a peak of just over 100 employees in early 2000, an expensive advertising campaign and not nearly enough revenue to offset its expenses, the company's cash position declined to $1.6-million on Dec. 31, 1999, and working capital of $2.2-million. It then raised $3-million raised in April, 2000. The latter financing, a floorless convertible led by U.S.-based Deephaven Financial LLP, was partially repaid by Stockgroup in August (four months later) on the lenders' demand; nearly $900,000 in principal, interest and on-time "penalties" was paid back. Before Stockgroup made that payment, its finances were already cause for concern. On June 30, 2000, its working capital position was a negative $238,000.