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To: Scottey who wrote (13300)4/22/1998 9:20:00 AM
From: Mr. Stress  Read Replies (1) | Respond to of 27968
 
OFF TOPIC:

For anyone following SEVL this morning. It looks like there could be a huge short squeeeeeeeze!
SEVL backed out of a merger because now there stock is worth over $9.00! And they got FINANCING & PRIVATE PLACEMENT!!
This means LESS DILUTION. THIS MEANS HIGHER STOCK PRICE.
Check todays release:



Wednesday April 22, 7:59 am Eastern Time

Company Press Release

7th Level & Pulse Cancel Merger Plans

7th Level Announces Commitments and Terms for $4.5 Million Bridge Loan and $10 Million Private Placement



To: Scottey who wrote (13300)4/22/1998 12:04:00 PM
From: Mark[ox5]  Read Replies (1) | Respond to of 27968
 
Scottey, I feel its already factored in the price. But I hope to be wrong. Also, hopefully that news comes out quickly followed by an ATXI announcement.

This new email from Forrest confirms by feeling that ATXI is done.. deal is done.. just crossing I's, T's and setting the conversion figure.

Best,
Mark


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