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Microcap & Penny Stocks : INFE ... Infocall another Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: macker who wrote (6570)	7/22/1998 4:52:00 PM
From: Dave Gore	Respond to of 10343

ALL GOOD INFE SHAREHOLDERS.. PLEASE READ, PLEASE RESPOND AGAIN TO SI exchange2000.com

To: macker who wrote (6570)	7/23/1998 9:35:00 AM
From: Frank Buck	Read Replies (1) \| Respond to of 10343

< ....but lockup is a better term than restricted because it still allows you to use them as margin power with a listing versus restricted which gives you no privileges.> Margin power?? I wasn't aware that any stock under the $4-5 price range was marginable. How do you figure this is a possibility here? You are correct that restricted stock is just that..... dead in the water money, non-pledgeable, etc..... A potential problem with restricted stock is that it has to be eventually cleared with an appropriate stock transfer company..... and the potential exists for a tip-off to associated market makers when the transfer company is notified of the intended status change. Result.... market makers are forewarned of any large inventory that may hit the street and the potential for a market reversal is likely in anticipation of this. Regulatory agency regulations regarding restricted stock parameters have been loosened with-in the past 18-20 months. The drafted terms are of course very important. Personally for what it is worth.... my feel is that a PP with-out restrictions are actually better in the longer term. Artificially created expirations have long term consequences when they expire. There may be a psychological negative impact to the share price down the road.... for no other reason than the expiration of the time expiration period. A time-bomb with a digital counter that everyone can see and therefore avoids. Perhaps another alternative would be to do the PP with a combination of a "series of preferred shares" that convert to common stock at a predetermined point in time.... PLUS throw in warrants if certain time elements are surpassed without the PP holders selling more than a specified percentage of their holdings before those time intervals are met. This would effectively put handcuffs on them while also giving them the key to the cuffs. Openly traded warrants are sometimes a double edge sword. The volume of warrants that would need to be put out (at such a low price) would have to be substantial and could come back to haunt the shareholders at a later date when and if exercised. Yet they could prove interesting here.... depending on the terms. It is difficult to accurately use projection analysis for a lengthy period down a long road. Kind of like adding the right amount of spice for a recipe that has to be expanded 100 fold. In smaller amounts the spices work but in larger amounts they can over-whelm. Good luck to all !