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

To: Elliot W who wrote (1841)	4/7/1998 2:57:00 PM
From: Alex Pilosov	Read Replies (1) \| Respond to of 2063

This financing is certainly NOT secured (although dilutive), its issuance of new shares of company, and not debt obligations like Morgan loan. Just thought I'd clear that up.

To: Elliot W who wrote (1841)	4/7/1998 3:08:00 PM
From: Night Writer	Read Replies (1) \| Respond to of 2063

Elliot, How true. The stock craters and everyone gets grumpy, sad, and depressed about it. What can one say about the human condition? We invest in a high risk new technology company. The people running the company have: invented the technology fought for years to get FCC status begged for money and in general chased a dream. We come along, see the vision, buy the dream, and hope to get rich because of our vision and belief. When it doesn't happen, it is Shant's fault. We are not responsible for our actions? Somebody else is responsible, not us. Hey guys! Let's get real. Let's see what the deal is before we jump. What the heck, I'm only about $4.30 a share down. NW

To: Elliot W who wrote (1841)	4/7/1998 3:23:00 PM
From: Bernard Levy	Read Replies (1) \| Respond to of 2063

Dear Elliott: There exists a major difference between WNP and CVUS: WNP is private while CVUS is publicly traded. Yet Shant treats CVUS investors as if they did not deserve to know anything. CVUS had more than 3 months to prepare its 10K-- yet we are still waiting. In today's release all terms of the financing are undisclosed. As space cadet points out, the issue of the price at which the debt can be converted is key. If the convertibles are floorless, then the debt holders have every incentive to drive the stock price to nothing to ensure that the equity of current stockholders is wiped out. So the conversion price is extremely important But of course, with Shant H. at the helm, we have a fat chance of getting this key piece of information. Also, for the record, quite a bit of information is known about WNP. Royce Holland is one of the driving forces behind it. Please go back and read the various articles posted at the end of the LMDS auction. Best regards, Bernard Levy