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Microcap & Penny Stocks : Starnet...Clicktoplay...STEN -- Ignore unavailable to you. Want to Upgrade?

To: FlatTaxMan who wrote (747)	1/14/1999 8:36:00 AM
From: May Tran	Respond to of 1071

Headlines US Israel Science & Technology Commission to Invest in "Next Generation Internet" Project By Ella Jacoby The US Israel Science and Technology Commission will support the Next Generation Internet project. The overall investment will be $6 million, of which $3 million will be financed by the Commission (with equal contributions from the US and Israel), and $3 million by industry. The decision was taken last night at a meeting of the Commission. The US parent project is worth $100 million. It was also decided to call on Israeli companies in the telecommunications and Internet fields to submit proposals for participation in the project. The committee also decided to invest in high to medium risk projects, which means that start-up companies too will be able to take part in the venture. The US Israel Science and Technology Commission was set up by US President Bill Clinton and then Israeli Prime Minister the late Yitzhak Rabin in 1994. The Commission is subordinate to the Chief Scientist's Office at the Ministry of Industry and Trade. Its budget is $60 million - 50% financed by the two governments, in equal shares, and 50% by industry in the two countries. Published by Israel's Business Arena on January 13, 1999

To: FlatTaxMan who wrote (747)	1/14/1999 9:43:00 AM
From: Ted M	Read Replies (1) \| Respond to of 1071

Can anyone shed any more light on the expected news? The messages here indicate it is huge news. Other messages say that if it doesn't go through Starnet goes back to being a shell company. If both of these statements are correct it would seem that the 'huge' news is part of the letter of intent for Starnet to aquire Click--a contingency. Is it Starnet that must deliver? The news of the intent to aquire indicated that negotiations are being made to open an office in Manhattan, and the news about B. Tapie indicates he has had an active part in the aquisition, travelling both to Tel-Aviv and New York. I interpret that to mean he encourages the aquisition. So, what's the problem? Mr. Bendov is said to be in New York now. Can anyone put this puzzle together? Thanks. Ted