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To: FREAKAZOID who wrote (15940)1/28/1999 1:15:00 PM
From: V$gas.Com  Respond to of 44908
 
I will say this about that. If the daytraders want to participate in the next run, they're running out of time to buy.

V$gas



To: FREAKAZOID who wrote (15940)1/28/1999 1:32:00 PM
From: REW  Read Replies (2) | Respond to of 44908
 
Thanks, I've been out all day and couldn't call yet. Looking in from a friend's office.



To: FREAKAZOID who wrote (15940)1/28/1999 2:28:00 PM
From: Andrew H  Read Replies (4) | Respond to of 44908
 
>>The discount is nothing close to what DD said, in fact much less<<

Why am I not surprised.

Actually DD is so stupid that when he said a 70% discount rate, he probably meant a 30% discount rate.

However, I believe that someone had said that the price of the shares was connected to the stock price a few months from now. So I am trying to square that with what you reported from Henry. I am sure we will get the full story soon.



To: FREAKAZOID who wrote (15940)1/28/1999 3:49:00 PM
From: REW  Read Replies (1) | Respond to of 44908
 
I just talked to Paul Henry. Picked up after one ring for me to.

The PP has not been filed with the SEC so stop looking. They don't have to. The terms will probably be disclosed uniformly in the 10K March 31 if no Registration Statement is filed with the SEC before. Everything legally required has been done.

There is no stock in the hands of the PP. There can be no selling.
They have to file to sell like everyone else. Rule 144 or after the Registration Statement is filed with the SEC (and then something about waiting one year).

There is no cap on the stock to be converted. It acts from the price of the stock at a future date(months) with a reasonable discount.

It was very favorable financing for the company and the stockholders.

I can call back to clear points but not for additional contract language. There are a lot of calls going into him about this. Give him a break.

Bob