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Technology Stocks : CAWS - Wireless Cable (New and Improved) -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Moran who wrote (5689)	10/6/1998 1:44:00 PM
From: John Gault	Respond to of 5812

Hello, does anyone know the broadcast range of MMDS? and also how many licenses were sold? thanks

To: Joseph Moran who wrote (5689)	10/6/1998 1:52:00 PM
From: .com	Read Replies (2) \| Respond to of 5812

Definitely NOT the same management. CAI management "extinguished" all outstanding stock for existing stockholders, but gave themselves (management) all sorts of new stock and options in the new company. Heartland, however, is issuing warrants in the new company, as well as some stock, to existing stockholders. Heartland's management team sounds ethical; CAI's, well, ... "The company said holders of the subordinated notes, existing common stock and certain litigation claims will receive the remaining 3 percent of the reorganized Heartland's common stock. They will also get warrants to buy 10 percent of the common stock of the reorganized Heartland on a fully diluted basis, the company said."