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Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable. -- Ignore unavailable to you. Want to Upgrade?

To: Alex Pilosov who wrote (1807)	4/6/1998 6:17:00 PM
From: Dean Moshova	Read Replies (1) \| Respond to of 2063

Expect financing news from CVUS tomorrow. Key will be the names, dollars, time frame and dilution involved. What I'd like to see: JP Morgan (or equivalent weight) tosses in at least $20 mill in exchange for a convertible debenture with a solid floor of $8 or better that can be exercised over the next 3 years. Announcement of strategic efforts of internet service rollout with simultaneous exploration of merger/buyout by WNP or other LMDS operator that can pull this off.

To: Alex Pilosov who wrote (1807)	4/6/1998 6:28:00 PM
From: James Fink	Respond to of 2063

Option (b) is the most likely scenario.

To: Alex Pilosov who wrote (1807)	4/6/1998 6:49:00 PM
From: FieldEffect	Read Replies (1) \| Respond to of 2063

CVUS Financing - Easter Monday Visit to CVUS HQs I suspect that a big part of the financial battle is over whether or not the people with the money (Banks, syndicate or whatever) will allow CVUS to continue to deploy its (unproven) technology in New York against the likes of big name LMDS equipment now being marketed by Bosch-Telecom, Lucent, Motorola, Stanford, etc. Unless we have been kept totally in the dark, the efforts by Bossard and Hovnanian over the past year to establish technology partnerships with the goal of deploying CVUS technology across the country have failed. If so, CVUS financial backers may force the scrapping of the current CVUS build-out in New York. This will be followed by a transition to the use of another company's equipment for head-end, repeaters, modems, CPE, etc., which will knock price down to $2-3 level before we can expect any recovery. Hopefully, this is a worst case scenario. We should also continue to remind ourselves that CVUS, in comparison to the vast majority of new telecommunications companies, is essentially debt-free. In any case, I will be in New York over the Easter weekend to visit my daughter at Columbia. I plan to drop in to CVUS headquarters on Monday morning for a chat with management or whoever I can roust out of their lethargy. Absent any major CVUS news releases in the interim, I will be glad to relay any messages/queries from interested SI members (maybe even from some of you lurking Yahoos).

To: Alex Pilosov who wrote (1807)	4/7/1998 9:48:00 AM
From: Ken98	Respond to of 2063

Alex, option (B) wins by a neck. Good call on your list of options and (based on limited information in press release) looks like (B) is what we have. I can't believe it took all this time to come up with this small of a loan or that it took all this time for the lawyers to proof that press release. Key questions now: (1) Amount and terms of dilution? (2) How much of the $10 million went to pay the Morgan notes payment? (3) How much net did CVUS receive? (4) How long will this net amount last? What is the current "burn" rate"? (5) Where will the money be spent? New cell sites or CT&T royalties? Seems like this was a life preserver to keep things afloat for another 3-4 months. More of the same. Ken.