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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?

To: Alan Edgett who wrote (29165)	7/21/1998 2:54:00 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 33268

Alan, My response to Drakes was that I didn't understand the mechanics of how the converts work nor did I care to. I'm not planning on investing in a company with this type of financing in the near future<g>oh, unless of course, it's an Internut stock, that'd I'd consider....In any case, there are several scenarios that could be playing out near term as you say in your post. But, the only type of situation that would cause me to consider purchasing again would be release of news regarding signficant sales. (I put that one in the ol' snowflake chance in hell parlance, surprise, surprise), even if that were to occur, I would wait. As far as the takeover rumor was concerned, you'd have to be a buyer or holder at current levels to make it worth your while (remember that last 100 was the remainder of my 9 dollah shares). As far as buying on a financing arrangement, depends on what they're financing, would have to come with a significant order, otherwise, the money would be going to just keeping the lights on and paying salaries(God forbid these guys take their compensation in stock). Anyway, I wasn't a buyer at .50, I certainly would not pay $1, I mean look at that huge resistance that will be sitting there at $2.<vbg> I have this feeling though, no matter, if she touches $1, you're buying, right? bp

To: Alan Edgett who wrote (29165)	7/21/1998 2:58:00 PM
From: John Oberwortmann	Respond to of 33268

"any idea when Race releases the damage report for th quarter?" I am showing August 14. Before the run up I had assumed that it was so late because they were hoping that a bankruptcy filing would preempt the earnings report and save them a little work. That might still be the case, there will just be a new group of pissed off investors...or maybe it is taking them a long time to total up all of their orders ("lets see, that's one... two...three...five, damn! start over, one...two...three...four")

To: Alan Edgett who wrote (29165)	7/23/1998 5:02:00 PM
From: Fred Ragan	Read Replies (1) \| Respond to of 33268

Darn the luck Edge. It does annoy me to agree with you <<G>> but I think you are very close to the mark. I'd put my guess though, on a company buy out. No public information and you have to admit that is a lot of upside volume. That takes a leak of something very substantial. Financing or a big order still presumes the same management. I don't think that would cut it. Fred

To: Alan Edgett who wrote (29165)	7/24/1998 12:08:00 AM
From: drakes353	Read Replies (1) \| Respond to of 33268

Alan: Enjoying your suspension I trust. Maybe that's part of the game plan....silence anyone not mouthing the RACE line. Catching up on some of your old posts...... Does Drakes mean to imply (contrary to ALL his previous assertions about convert holders), that these converts actually converted weeks ago and held long until their pump could work? No, the way the deal was structured it was in the convert holder's interests to have the thing rally ahead of any conversions. The conversion price was set at the average of the lowest three closing bids in the 22 trading days prior to conversion. Looks like that meant they could convert shares at around .50 or so. As the stock rallied beginning on the 14th they could short against the locked in conversion price and make a tidy profit. If I know I can buy something at .50 (common via preferred conversion) and sell it short at $1 (common trading in the open market) I've got a slam dunk 100% guaranteed return. They were probably getting shorts off all the way up to $2+. This deal was an absolute windfall for the convert holders. I find that amazing, way too much risk for these boys. As he always says, they convert ata discount and sell and take their annualized 45% return, why "risk" that with an unusual (and completely un-publicized) pump operation that is usually transparent. This deal was different. It didn't convert at a discount unless RACE was delisted. The only real risk here was that RACE would go bankrupt before they could get their conversions done. I don't think he's right (there's a shock!!!)... Based on your "understanding" of this deal I can see how you'd think that. Gotta read those SEC docs to know what's going on. drakes353