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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE -- Ignore unavailable to you. Want to Upgrade?


To: John Allen who wrote (556)12/18/1997 11:21:00 PM
From: RADAR )))  Respond to of 2377
 
John Allen:

WAVC is highly speculative at this time and has several caution flags running simultaneously = 1. WAVC is a BB company 2. developing a wireless internet business through a Canadian affiliate 3. which has litle developmental funds/cash reserves 4. and is having a hard time finding financial sources to fund the continuing development. 5. The company has no established line of credit and 6. may have to resort to further public offerings to raise further capital, thereby diluting the current shares outstanding.

Although the stock was up over 38% today, I would use great caution about investing in WAVC based on its current fundamentals (or lack there of). Of course this is MOO.

RADAR