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Microcap & Penny Stocks : USWE - US Wireless Data (formerly USWDA) -- Ignore unavailable to you. Want to Upgrade?

To: Randy Nuss who wrote (122)	10/23/1997 4:52:00 PM
From: Rob S.	Read Replies (3) \| Respond to of 370

A Great day for US Wireless Data! The stock is under heavy accumulation ahead of the news that will be coming out shortly about new agreements with Nynex, AT&T and other cellular telcos and with a major OEM. Also, the company should be nailing down around $3 million in additional financing that should be sufficient to sustain operations through at least next year when cash flows start turning positive. The financing deal reportedly will not increase the float more than about 5%. Based on pro-forma revenue and earnings forecasts, when these deals go through USWDA will have a forward looking valuation target of around $40/share with upside potential beyond that. The deals are expected to happen within the next 4-8 weeks. This "news" may already be floating around the halls at GTE, AT&T, Nynex, etc. Obviously someone thinks this company has a future to explode to the upside. Obviously this is still a speculative stock, but the outlook is particularly promising. Today was super confirmation that few are willing to sell.