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Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?

To: DreamWeaver who wrote (9918)	1/8/1999 3:35:00 AM
From: DreamWeaver	Read Replies (1) \| Respond to of 12468

BTW thats 11% more common. Also, Check this out * Off Topic Be careful out there !!! <<Friday January 8 1:10 AM ET Mass. Man Charged In $7 Million Investment Scam By Al Yoon BOSTON (Reuters) -- A Massachusetts man who allegedly claimed he was backed by Fidelity Investments, the nation's largest mutual fund company, was charged Thursday with bilking investors out of $7 million, federal prosecutors said. ''Within the last five years this is one of the largest Ponzi schemes we've had with at least 100 victims in all walks of life,'' U.S. Attorney for Massachusetts Donald Stern said. Stern said Arthur Good, head of Boston Investment Group, told potential investors nationwide that he would put their money in low-risk, high-return investments. But much of the money was allegedly used instead to pay off previous investors, put into highly speculative investments or pocketed by Good and his partners, Stern said. The charges against Good were announced by the U.S. Attorney's Office in a statement. Stern said in a telephone interview that Good falsely claimed he was working with Fidelity and the Marriott Foundation for People with Disabilities in Washington, D.C. He said Good also falsely claimed to be a friend of Bill Marriott, heir to the Marriott fortune and head of the Marriott Foundation. The FBI and the Internal Revenue Service began their probe in August after receiving complaints from the Massachusetts Securities Division, Assistant U.S. Attorney Stephen Huggard said. Neither the Marriott Foundation nor Fidelity had any working arrangement with Good, and neither committed any wrongdoing, prosecutors said. Prosecutors said Good told investors he would invest their money along with the foundation's and promised high returns. In an effort to satisfy one skeptical investor, Good allegedly arranged for him to visit New York and dine with a man posing as Marriott, Stern said. He also allegedly told victims if he raised $3.5 million in cash he could ''lease'' $100 million in bonds from Fidelity that would be invested with the Marriott Foundation. There was no such deal, prosecutors said. >>>

To: DreamWeaver who wrote (9918)	1/8/1999 9:08:00 AM
From: Steven Bowen	Respond to of 12468

Hi DW, "I view dilution in the same category as insider sales. It's never good" Also WADR, I agree with you, however, when you need to raise money, I thinks you always look for the least of all evils. I know you're very familar with some of the types of financing available and some outcomes. Our high yield convertibles in the past have hurt us. High yield debt isn't good either. I just think when a company reaches a status where a secondary is a viable means of raising cash, it's a good thing. (As long as it sells at 40 or above) They may even have someone lined up to take all or most of it off their hands. I am in no way a student of the balance sheet as is Gentleman-Boyle, but to me this sounds as good as we could have expected. "Buildout need not get ahead of the revenue increases...Slow and steady, no?" That'll work once your income covers your operating expenses, but until you get there, you'll always need outside cash.