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Technology Stocks : TWTI - Total World Telecom -- Ignore unavailable to you. Want to Upgrade?

To: dwight vickers who wrote (7334)	12/31/1998 11:48:00 AM
From: Mike Sawyer	Read Replies (1) \| Respond to of 7388

I spoke with Tom Biggs yesterday. He told me that Lents and all of the crooks are gone and do not own any stock and cannot ever claim anything from this company. He assured me that they are all 120% gone. But as in all things...only time will tell. He says that the head guy is Alvarez...Luis I think and number two is Al Bowen. Tom says that he has known Luis for quit a while and has very good confidence that Alvarez will do what he says he will do with this company. As for Al Bowen, he says that he has just met him and does not know him like Alvarez. He did say that he was impressed with Al Bowen. I said all of that to just convey what Tom told me. I don't know any of these guys. Now for the meat of things... Tom says that TWeeTI has a little over 80,000,000 shares total outstanding. There is no more RegS anywhere. TWeeTI has reverse acquired MBM - MegaBlow Manufacturing. MBM is currently doing about 8 million in revenues. I asked if they were cashflow positive and he did not have that information but said he would find out. He will also find out if there is any cash-on-book. He did say however, that MBM was probably cashflow positive or it would make no since to become a part of TWeeTI. I agree. Tom told me that TWeeTI currently has a little over $50,000,000 in tax loss carry forward and they may have another $25,000,000 to add to that. MBM was acquired for $2,000,000 in stock and options. TWeeTI is looking for other companies to do a reverse acquisition with at this time. They are also considering a name change. Tom said that TWeeTI is currently trading on the pink sheets but that there are no market makers and that is why there is no bid or ask. Tom went on to tell me that TWeeTI is on a comeback trail but that it was a long road and there are not promises at this point. He said that only time will tell if management can pull this one out. He did say that they appear to be on the right track with the MBM reverse acquisition since that brings an $8,000,000 cashflow to the table. I'm in agreement with Tom in that only time will tell. I've got nothing to lose so I'll sit on it and wait. If any others would like to speak with Tom Biggs, he can be reached at 904-409-0200. HAPPY NEW YEAR!