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To: Leroyt who wrote (34)	11/26/1998 8:02:00 AM
From: WEBNATURAL	Respond to of 365

Interesting link here with a note on our company... ljx.com part of article... " Welcome to Web Street! By Maura Kate Kilgore Special to Law Journal Extra! ...Several companies have already been created with the specific purpose of handling Web-based IPOs. Among these are Direct IPO, a California based company, and Andrew Klein's WitCapital, which Klein reports is developing rapidly. Existing companies have also been quick to add a Web component, among them companies like Ben Ezra Weinstein & Co. and surprisingly, Solomon Brothers. The services they offer vary from investment banking services to distribution of prospectus, to Web-based marketing and advice. Several Internet trading mechanisms are also in place, such as Instanet, Posit, and the Arizona Stock Exchange, where institutions trade with each other without paying fees. The low cost and immediacy of the World Wide Web seem destined to have a great impact on traditional notions of raising capital, communicating with shareholders, and even waging a takeover battle. In the not-too-distant future, shareholder meetings and paper exchanges may become a thing of the past, and the real business of finance may take place on "Web Street" with the same volume that it now takes place on Wall Street.""

To: Leroyt who wrote (34)	1/3/1999 9:48:00 AM
From: WEBNATURAL	Respond to of 365

Some interesting stuff and plenty more... mtrader.com and more @ phactor.com This is for Coffee Room discussions and is good for research with other stocks... SELECNET This is also an electronic system of trading primarily used for trades between Market Makers. It offers the trader added flexibility when executing an order on the NASDAQ Exchange. SELECNET is a Market Maker to Market Maker execution system, therefore it is important to note that your bids and offers (like SOES) are NOT reflected on the LEVEL II screen, instead, orders are displayed on Market Makers terminals only. SELECNET is a negotiable system, meaning that a Market Maker may or may not execute your order unless it is at his advertised price and he actually sees it appear on his screen. The structure of SELECNET is such that traders will bid or offer stocks to a Market Maker, this price that one bids or offers is not limited to just the bid or ask (inside market) but instead a bid for example may be at the current bid or the current offer, you can not go below the best inside market like ARCA. Once the order is "live" and NON-preference, all Market Makers will see this order on their trading stations, this is known as a Broadcast, the Market Maker will then execute the order, in many cases, manually to complete the transaction with the trader.