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Microcap & Penny Stocks : IELSF-Flight to Fortune Or? -- Ignore unavailable to you. Want to Upgrade?

To: Intrepid1 who wrote (299)	7/22/1998 9:21:00 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 520

purething, I am requoting from memory (but I suggest you read the s-3A in details), they stated there that their monthly burn rate is $350,000 and that they had $410,000 cash on hand (and these must be as of the date of the S-3, so quite recent). In the same document, they do repeat their intentions to raise some $8 MM in additional cash. So right now, (and I believe that they need close to $500,000 to stop BE/A from converting for the first three months of paying down the converts) they do not have the cash. It is possible, however, that the figure of $350,000 burn rate included payments to BE/A, but they did refer to these as operational expenses, so I doubt it. The point I am making is that there are no "friendly floorless" all floorless are toxic. Zeev

To: Intrepid1 who wrote (299)	7/22/1998 9:36:00 AM
From: hcm1943	Respond to of 520

When a company registers shares it has nothing to do with the holders intention to sell, but, is usually part of the placement agreement. As for new lows begetting new lows, yes, it can be very true in many cases sometime because a lack information causes fear or because margin calls force selling (this is marginable in Canada) etc. I, however, would rather focus on the positives. 1) a capable mgmt team 2) a first rate initial customer 3) a world class jt venture partner 4) the ability to raise money before the aforesaid 5) a PR company to get the word out 6) new venues on the horizon

To: Intrepid1 who wrote (299)	7/24/1998 6:50:00 PM
From: Mr Metals	Read Replies (1) \| Respond to of 520

Why is this stock always going down???? IELSF - INTERACTIVE ENTERTAINMENT LTD Exchange: NASDAQ Delay: at least 15 minutes Last Price: 1 9/16 at 15:52 EDT Change: Down 5/16 (-16.67%) High: 1 7/8 at 10:04 EDT Low: 1 9/16 at 15:50 EDT Open: 1 7/8 Previous Close: 1 7/8 Volume: 67,100 30-Day Avg. Volume: 31,000 Shares Outstanding: 19,251,000 52-Week High: 5.12 52-Week Low: 1.87 Beta: Not Available Yield: Nil P/E Ratio: Not Material EPS: Not Material Currency Units: US Dollars S&P Comstock