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Technology Stocks : AXSI - Axcess Inc. (formerly LASX) -- Ignore unavailable to you. Want to Upgrade?

To: BARRY ALLEN who wrote (784)	2/14/1998 1:14:00 PM
From: Cents	Respond to of 1220

Declaration of beneficial ownership. Usually good as I believe in this case! "144" filings are the ones to watch out for...there are none of those here! Here is an overview of what the filings represent... edgar-online.com I read through the 13D filing and a couple of things are worthy of note. First, the promissory notes have been extended to the end of the year...Second, look at the conversion price to convert to common! 50 cents...about DOUBLE todays stock price. Well over 50% of this company is owned by insiders with a vested interest in it's success. Remember if a 20-1 reverse split does occur then the conversion price will be $10 ! Most of the financing was done in the range of 6%... This is no fly by night company...anyway happy DD...I'm going back to the sidelines...I'm holding this long...to me that is usually 6 months to 2 years. One thing I do like about this company is the control and steady direction the administrators seem to have over it. Lots and lots of potential to the upside here and the downside risk seems near nil to me. Cents