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Technology Stocks : CNKT - Connect Inc. -- Ignore unavailable to you. Want to Upgrade?

To: john psomas who wrote (384)	7/9/1998 4:18:00 PM
From: Lawrence Burg	Read Replies (2) \| Respond to of 953

Not knocking you, but the share count he reported doesn't make sense. At the 24 February vote, they declared 19+M shares entitled to vote on the 1:5. How come he counts only 13M now? If the 19M was pre-reverse, shares after the 24th would've been reduced to say 4M. So, if Joe says it's back up to 13M, that means they issued 9M more shares since 24 February. Did I miss something? Alternatively, we have 13+M shares. Optimistically figuring Stark's shares as completely dispensed, that leaves 11M is institutional hands & 2M in the float. This in itself may be OK, but that means prior to Stark's initial sale on 13 April, the available float on the market was well under 1M shares. March 30 shows volume of 2M. so that would mean the float turned over 3...4...5...times? Or insiders/management were trading, neither of whom reported. I'm still waiting on a return call from Mr. Girata.

To: john psomas who wrote (384)	7/9/1998 6:07:00 PM
From: Craig Russell	Respond to of 953

John, Good see you are still holding some shares of CNKT. You haven't been to the board for a long while, though I believe you posted on Yahoo. Was the tone of your talk with the CFO positive or did he sound relatively elusive? at $6/shr. that would put a valuation on the company of approximately $78 million which seems like it would be acceptable to Norwest and BA ventures as I'm sure those folks are averaged around a $40 million valuation or less. What do you think? CWR