Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : NewCom (NWCM) -- Ignore unavailable to you. Want to Upgrade?

To: Cool Hand Luke who wrote (618)	9/16/1998 9:49:00 AM
From: Jason Flora	Read Replies (1) \| Respond to of 662

NewCom Note Due to Aura Restructured Business Wire - September 16, 1998 09:45 WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Sept. 16, 1998--NewCom Inc. (Nasdaq:NWCM) Wednesday announced that it has reached an agreement in principle to restructure its approximately $17 million note that is due to Aura Systems Inc. (Nasdaq:AURA) on Sept. 19, 1998. The restructuring involves an initial partial payment, the issuance of a $3 million convertible note to an investor in Aura. The unpaid balance of the restructured note will carry a 9 percent annual interest rate. At the company's option, the convertible note may be redeemed at any time. After Dec. 1, 1998, the company has the right to redeem the convertible note in three monthly installments of approximately $1 million each subject to certain terms and conditions. The agreement is conditioned on the execution of definitive documents. The $17 million note was a result of money advanced by Aura to NewCom prior to NewCom's IPO, which was in September 1997. Aura owns 69 percent of the common stock of NewCom.

To: Cool Hand Luke who wrote (618)	9/16/1998 3:31:00 PM
From: WhipsawMcGraw	Read Replies (2) \| Respond to of 662

Greetings Cool Hand Luke, Had a question for you in NWCM. Today the stock acted really well up a close to 1 point. Volume light then they are able to wack (very technical trading term) the stock with high volume but no large blocks of shares. Is this shorts, margin selling, investors wanting out? You seem to know the most about this company lately? Any thoughts. I really do like the company and have no problem buying more stock at these levels. But when the stock acted so well then so poorly, I am concerned. Keep in mind at the open the stock was actually down. The market makers did not jam the stock up on the news this morning. regards.