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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU) -- Ignore unavailable to you. Want to Upgrade?

To: KipferlMeister who wrote (1840)	6/14/1998 3:13:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 5143

Thanks Larry and Michael. <<how does one "flip" 800,000 shares of an illiquid stock>> Well, that's one concern that we don't have to face for now, I think. All this high finance makes my head spin, I'm just a simple guy that wants to know MGAU's recovery results on the crater. Just a few numbers would make me happy right now, probably a lot of other shareholders too. PS, I really don't care how many headstones we mined.

To: KipferlMeister who wrote (1840)	6/14/1998 3:24:00 PM
From: Larry Brubaker	Read Replies (1) \| Respond to of 5143

Michael: I agree that IPM's selling the shares is a positive for the short-term price outlook of MGAU. It should take some selling pressure off the stock. However, I don't think there is anything presumed about IPM's cash crunch. Their 10-Q was clear that their only somewhat liquid assets were their MGAU shares, because the $500,000 in cash held by IPM is collateral against a loan to IPM of the same amount. The fact that IPM sold the 840,000 shares pretty much verifies what I have been saying. The needed to turn an illiquid asset into a liquid one because of their real (not presumed) cash crunch. "How does one flip 800,000 shares of an illiquid stock?" I'm sure that was exactly the problem IPM was faced with. However, look at CHIP (another thinly traded, illiquid stock) and their recent floorless convertible. A few months back, CHIP announced some positive news regarding a lawsuit. This news drove the price up (to, I believe close to 60 cents) on heavy volume. That very same day, the purchasers of CHIP's floorless convertible converted at about 17 cents. I would guess there was a great deal of flipping of those shares that day. Thus, I think my question are good ones. Who bought the MGAU shares? At what price? And are the purchasers looking for quick profits or are they in it for the long haul?