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Technology Stocks : Matty Gregg, shouldn't you be studying? -- Ignore unavailable to you. Want to Upgrade?

To: TARIQ STOCKS who wrote (8)	4/8/1998 9:47:00 PM
From: I Am John Galt	Read Replies (1) \| Respond to of 10

Sure Tariq, I can help you with it as best as I can... The chairman works for Renwick Capital Management, so they sold RESTRICTED PREFERED shares to the Renwick fund for some cash. Yes at 0.125 but these are restricted shares. With this transaction whenever it takes place they will meet the shares requirement of Nasdaq?? will they? then what remains is the stock price over $1.00. The float remains the same with all this, am I accurate?? No, they will not meet the requirements. They will probably be delisted because they do not meet the new requirements set forth by the Nasdaq, as stated in the press release. The restricted preferred shares don't really mean anything; they probably have an agreement to buy them back at .25 or something like that. These can't be sold into the public. Yes, the float remains the same. Second, at open I noticed all transactions were at ask, suddenly the price falls dramatically on a bid transaction (a small one). What is exactly is happening???? That's the problem with these type of companies, and why they are such a high risk. The market makers know that Carver is in trouble, and they predict a big selloff about to occur. So they drop the bid as much as possible so they can buy them at a lower price. It stinks, but that's the way of the stock world. Matty Gregg