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Technology Stocks : Fastcomm FSCX (6 1/8), base now complete. Big Upside. -- Ignore unavailable to you. Want to Upgrade?

To: Ken Jelinek who wrote (710)	12/14/1998 2:42:00 PM
From: jsavage	Read Replies (1) \| Respond to of 802

Can anyone tell me where this is going? jas

To: Ken Jelinek who wrote (710)	1/8/1999 6:31:00 PM
From: Rick Smith	Read Replies (2) \| Respond to of 802

Good News and Bad News...so what else is new here? My understanding is that FSCX completed a $1 million private placement to raise cash for the bankruptcy plan and creditors. For each $1.00, you got 2 shares now, 2 rights to purchase shares at $1.00 each, and 2 rights to purchase shares at $1.50 each. We needed the cash to get us on the same page as the bankruptcy judge but by raising the cash in this manner, we have severely diluted the company. But diluted or not, we still seem to be in business so I guess its a good thing. In other news, the Virginia Supreme Court has agreed to hear the appeal of the verdict against FSCX by Gary Davidson, the disgruntled employee. This is VERY positive! Look for a reasonable settlement offer from the Davidson Attorneys soon! They dont want to spend the money to lose a VA Supreme Court appeal. If the court agreed to hear it, there must be SOME merit to the motions. Good Luck All. Rick..