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To: Steven V who wrote (2258)	3/27/1998 9:35:00 AM
From: Greg h2o	Respond to of 13797

RE<<Would you sell just so you can easily record the (almost total) loss rather than wait for delisting and have paperwork hassles?>> There wouldn't be any paperwork hassles for me if it were delisted and placed on the pinksheets. It's just that we draw the line for our clients (the majority of them) at pink sheet stocks. I don't want to hold them and getting info once it's a pink sheet stock is next to impossible (they don't even have to be audited at that point!). << And also Greg, I'm curious about what lessons you've learned with this co that will raise red flags for you in the future. If you have some time today, what has this wallstreet tuition caused you to learn and how will you act differently with different stocks in the future? Maybe the answer is "I wouldn't, you win some you lose some...", that answer is fine.>> The only way I would not buy a stock such as ALTS in the future would be if I decided not to buy any small company tech stocks. I feel as though I did my due diligence, but was not given straight answers from both the company, and even more disgusting, the auditor. If you can't rely on audited numbers, what can you rely on? Sure, there are far more potholes in driving down the small cap highway, but when you get to the end of the road, you'll be at far better off having a portion of your money in this type of company. hope that vaguely answers your questions, greg

To: Steven V who wrote (2258)	3/27/1998 2:00:00 PM
From: jackhach	Read Replies (1) \| Respond to of 13797

Steve, The book is hardly closed on this stock. We may be in the final few chapters but, maybe - just maybe, a knight in shining armor might come and save this danzel in distress. I'm anticipating a fairy tale ending; ya know, "the meek shall inherit the earth kind of thing..." The question we need answered is -- is this book fiction or non? In regard to your very real (non) questions. I respond: Yes, I do manage money for others. It is mostly private-personal and small-biz profit share plans. Not a whole lot, but enough to make me feel terribly overwhelmed at times. The internet and healthy supply of higher quality/specific trade mags has made life much easier then just a few years ago. With regard to ALTS. I only have clients invested in this stock that have long-term investment horizons or are aggressive (or actually both.) I think it is only 5 or 6 at present. 1 or 2 of which may have, upon a bit of reflection, an uncomfortably large position. I personally have a very large stake of shares at an avg. cost of about $3.25. The latest purchase of 6,000 at 1.50 sort of save my cost-basis ass. I very rarely regret even the most disasterous stock selections. I have a method (like many) that keeps me (for the very most part)emotionally unattached. Emotions, I have learned the hard way, will often run counter to intelligence, sensibilities and prudence. So, in a nutshell, I have no real regrets. Of course I will still cheer a stock on, and feel gratified when/if the end-all performace is desirable. I recognize one thing (forgive my philosophical bent, today): The truth is never static -- its always evolving. So each day enlightens me to my foolish (yesterday's) assumptions about (in this case) the markets. This (ALTS) book will surely get more interesting from here. Dusk or Dawn? -JH P.S. I am in agreement that this company has little hope without a buyout, ar at the very least, a well-crafted refi/reorg.