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To: WTSherman who wrote (3)	11/10/1998 12:51:00 AM
From: LPasko	Respond to of 14

Accounts receivable also go into book value, and these have been increasingly rapidly in line with sales. The company also has $10 million in cash and restricted cash; of course, they do borrow so cash can be readily obtained. I haven't suggested that Bosselmann is proceeding gingerly--there is risk in such a rapid acquisition strategy. But, if Bosselmann is right, and he's no dummy, he could be building something very big. Not for widows and orphans for sure, but Bosselmann is buying sales--if he's not overpaying, we'll see a phenomenal return some day.

To: WTSherman who wrote (3)	11/26/1998 7:54:00 PM
From: chalu2	Respond to of 14

I think ARGX may be starting to be viewed as an Internet-related stock. If so, it would explain the recent trend upwards.

To: WTSherman who wrote (3)	11/30/1998 8:44:00 PM
From: LPasko	Read Replies (1) \| Respond to of 14

The stock closed at 20 1/2 today, up 33% since this thread began.