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Microcap & Penny Stocks : Wireless Data Solutions, Inc (OTCBB:SOLU) -- Ignore unavailable to you. Want to Upgrade?

To: paper man who wrote (249)	5/27/1998 9:38:00 AM
From: Hamby Hutcheson	Read Replies (2) \| Respond to of 377

PAPER MAN: No debate intended. I think you and I are on the same path -- just riding different horses. DILUTION: WDS has 25,000,000 shares authorized. 8,800,000+/- are registered. 4,800,000+/- are in the float and 4,000,000+/- are in the hands of Founders. That leaves 17,200,000+/- in the treasury (144) which could be used for deals. I assume that when you refer to dilution, you are referring to "dilution of the 'value'" of your holdings. If my assumption is correct, for dilution to occur, it would have be caused by the perceived value of what WDS "purchased" for the Treasury shares -- not by the issuance of the shares themselves. Normally, if I want to "dilute you", I would split my core stock -- thereby putting more total shares into play. So, if WDS trades at .50 and does a 2x1 split, dilution occurs at .25 each but my total $$$ remains the same. I too am concerned with the COST of the Mexican deal and have told WDS management so personally. Back in April, I posted: "If you take a small (weak) revenue/profit stream and then look at the balance sheet (just published) then YOU decide if they are positioned to move away from their core business. Personally, without WDS $$$$, I think Mexico is a pipe dream -- and told Mike so." I really think WDS should tend its core business by investing its resources in its proprietary technology and marketing efforts. Their balance sheet is too skinny to venture too far away from it. Regards, Hamby Hutcheson