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To: sand wedge who wrote (6120)	12/30/1997 10:38:00 PM
From: stevedhu	Respond to of 11888

sandwedge Hello again, I averaged up to end up at 5.25 when it was a little over 6.5 but what the heck, this is my long shot money so I'll hang on, I don't need it for taxes, I switched Co. in En. Ser. yesterday. See you later. Steve

To: sand wedge who wrote (6120)	12/31/1997 12:36:00 AM
From: MARIO PASQUA	Read Replies (1) \| Respond to of 11888

Sand, with out bulls (or should I said balls?) There won't be any markets. Yes I did say that that the stock would be $8:00 by January, and I still believe in it! I don't know what is your position on this thread, you already know my. You said: <<"The stock has a life, it will continue to fluctuate up and down until oil starts pumping out of the ground It is subject to market fluctations, oil prices, oil inventories and any other marker factor you can think of.">> Wow! You predicted all these 3 months ago? Is that real Crystal what you're using? Please E mail me your Phone # I would like to know you better, maybe we can do some business. Going back to pumping oil...If this is the case, do you really think that you can buy shares at this price level when oil is coming out of the ground? If your crystal ball says yes...well..what can I say...we will see, will see. ;-)

To: sand wedge who wrote (6120)	12/31/1997 3:32:00 PM
From: Sycamore	Read Replies (2) \| Respond to of 11888

Sandwedge, I don't know if you are talking about me but I'll give you my opinion on the subject anyway. Frankly, I find it funny when somebody like you picks on that 8 dollar call done months ago, then come back and ridicule us because it didn't happen as predicted. Having said that, please also note that I was on record in saying that the stock could go as low as $3.25 as well. Since we all agree that the stock is news driven until a stronger fundamental is established, please allow me to ask you a couple of questions first: a) Did we get the Wavetech Numbers out? b) Did we get a Financing package out? c) Did we get any JV announcement out? If the answers to the above Q_s are negatives, could that perhaps explain the reasons why the stock didn't go up to 8.00 or higher before the year is out? For all you know, even Millennium and other people close to the deal were expecting this to be the case. Actually, they're even saying that there was a change of seeing the stock at double digits by year end. With a good Wavetech numbers and the Financing Package out or a reasonable JV being announced, I don't see why those predictions would be considered unrealistic, anyway. IMO, any SANE long term investors who didn't believe that those were distinct possibilities 3-4 months ago shouldn't have any business being in the stock at all. Don't forget, the stock is capable of moving 1000% or more in a few months. It just needs more time. Also, I don't know what you mean by saying we bulls because of that prediction have done a "DISERVICE." To whom if I may ask??? Sorry to completely disagree with you on this, but as responsible investors don't we all need to do our own DD and not rely fully on the opinions on the posters to make the decision for ourselves before buying anything? Also, aren't we all just expressing opinions, ideas and guesses here based on the information that were available to us at any given time??? For the record, I bought most of my shares last July with the recommendation of my brother, who owns the stock for over 3 years now. I sold some when the stock went above 6.50, but 2/3 if not 3/4 of them remained in my possesion. Then, bought back some at 5 1/8 and some at 5 5/8. Also bought some warrants at 2.00. Bottom line is even if I sell all of them today at this levels, I'll still be ahead. Also, remember that the game is not over yet. Even those who bought at an average of $6.00-7.00, assuming they are investors and not traders, they only incur paper losses. That's all. Agree, there are risks, but the story hasn't changed. If it did, it just gotten BETTER IMO. Obviously, there were some delays in concluding the deals, hence causing news to be deferred. But, for those who have the patience to wait it out, I don't think it will matter anyhow. Especially, if the stock goes to $10 or higher in the next few months. Remember the Cohen analyst hasn't changed his "BUY" rating on the stock. And the target is still $10.00 within 6 months. If the guy is right, even if an investor bought it @7.00 and sold @$10.00, it will still be a 30% return in less than a year. Meantime, to avoid any confusion as to where I stand when I'm not posting on this thread, for obvious reasons some people still don't understand the big difference between an "INVESTOR and a TRADER," here are my exit points depending on the situation at the time and whether the stock moves higher gradually or instantly. a) the stock goes up to $8-10, I sell some b) the stock moves to $12-14, I sell some more c) the stock climbs to $16-18, I sell some more d) Once the selling is over, I expect to have a min 20% remaining shares, at this point I'll let GF worry about where it goes. e) Though I consider this last item highly unlikely, especially now that the tax selling is over, if the stock goes down to $2.50-2.75, I may re-assess my situation whether to continue to hold or sell. Finally, late November or early December, I believed I told you to come back to me within 3-4 months and I'll tell you if a wrong decision was made on the stock or not. Hope you remember that! Happy New Year to all! Sycamore