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Technology Stocks : WAVX Anyone? -- Ignore unavailable to you. Want to Upgrade?

To: andrew peterson who wrote (3508)	8/4/1998 12:58:00 AM
From: Marty Lee	Respond to of 11417

Andrew, Now that the rats have jumped ship, we'll sail more freely atop the WAVE's..... Lucrum sine damno alterius fieri non potest. (There's no profit without another's loss) Marty

To: andrew peterson who wrote (3508)	8/4/1998 6:50:00 AM
From: cpa	Read Replies (1) \| Respond to of 11417

Andrew, Based on Alladin's balance sheet it looks like they still have 2,000,000+ in stock left. They should be valuing this at market value, but the numbers don't add up with only a 460,000 gain. They might be valuing at cost (even though they shouldn't). But anyways, they still have a big chunk. CPA

To: andrew peterson who wrote (3508)	8/4/1998 9:09:00 PM
From: BLACK CROW	Respond to of 11417

Nice find. Alladin had 1,000,000 shares. The numbers in the press release were for the 2Q so it would only reflect what was sold up til the end of June. Assuming an avg sell price of $4(cons.), they probably sold about 300,000 in June. Since JOSE has been active in the month of July every day I would think they probably only have 200,000-300,000 left. This is just rough estimate. To be more precise I need to look at the total volume for the month of July and figure that the seller would account for about a 1/4 to a 1/3 of the volume because of the way the volume is tabulated. We would then have a better guestimate. The Reg D guys appear to have been staying on the sidelines because the firm they usually work thru is ISRC and they have not been present to really speak of. An interesting point, a new firm USCT has started making a market in the security. Generally a good sign.