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Technology Stocks : Netgateway - NGWY -- Ignore unavailable to you. Want to Upgrade?

To: Gavro who wrote (3)	8/28/1998 1:06:00 PM
From: Bill Schrader	Read Replies (1) \| Respond to of 66

Well I must say that I'm a little confused now. I called David Parkins at Netgateway to inquire about the arbitrage opportunity. He said while they of course would like investors to buy NGWY directly, he said that is an arbitrage opportunity if you buy ADMR at these depressed prices with the 3 for 1 conversion. As long as NGWY remains where it is now, I'll be a happy camper. I jumped at the opportunity and bought 7000 shares of admr. If prices stay the same as they are now (unlikely) then I'll make a nice 80%+ profit. David gave me a timeframe of the end of September for the deal to be completed. I've never seen an acqusition take more than three months. Why is ADMR saying Dec or Jan? I would like to think that it is in September but most likely will fall sometime in between Sep and Dec. Let me know what you think. THanks. Bill