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To: Gush who wrote (49643)	1/30/1999 12:49:00 AM
From: Bill Rood	Read Replies (5) \| Respond to of 119973

This ONXX story gets more interesting by the minute. Looking forward to cnn sunday night at 10 pm. Also go to Yahoo very interesting comments by people that seem to know what they are talking about. No hypers on the yahoo ONXX thread yet. Not positive but it appears story also runs Mon night 10 pm if I read schedule correctly. Have a nice weekend Bill

To: Gush who wrote (49643)	1/30/1999 2:02:00 AM
From: ilh1	Respond to of 119973

To: Gush who wrote (49643)	1/30/1999 3:14:00 AM
From: bebu	Read Replies (2) \| Respond to of 119973

PWCC is the next dbcc & only 600k floating. GEEK has gone up 22% in the last two days, so now the value of Flashnet is even greater. Point West Capital - PWCC thru it's subsidiary Fourteen Hill Capital owns investments in a few companies. Some are public and some are private. They own 11% of the ISP Flashnet. Flashnet is scheduled to do it's IPO the week of Feb 22. ipocentral.com fourteenhill.com Table below is from Flashnet's S-1 filing. SHARES BENEFICIALLY SHARES BENEFICIALLY OWNED PRIOR TO OWNED AFTER OFFERING(1) OFFERING ------------------------- SHARES ------------------------- NAME AND ADDRESS OF BENEFICIAL OWNER(2) NUMBER PERCENT OFFERED NUMBER PERCENT ----------------------------------------------------- ------------ ----------- ------------ ------------ ----------- <S> <C> <C> <C> <C> <C> Ascend Communications, Inc.(3)....................... 400,000 11.8% -- Applied Telecommunications Technologies, Inc.(4)..... 164,745 5.5 -- Fourteen Hill Capital, LP(5)......................... 329,490 11.0 -- ISP Investors, L.P.(6)............................... 490,116 16.4 -- Thomas K. Reed, Jr.(7)............................... 190,000 6.4 -- James B. Francis, Jr.(8)............................. -- -- -- Andrew N. Jent....................................... -- -- -- John B. Kleinheinz(9)................................ 699,216 23.3 -- Michael Scott Leslie(10)............................. 285,800 9.6 -- James A. Ryffel(11).................................. 250,000 8.4 -- Kevin A. Stadtler(12)................................ 164,745 5.5 -- Albert Lee Thurburn(13).............................. 219,660 7.4 -- All directors and executive officers as a group (7 persons)(14)........................................ 1,619,421 54.0 -- Internet America - GEEK has 50,000 customer's and a mkt cap of 223.9 mil. Flashnet has 200,000 customer's and should have a mkt cap of aprox 761.3 mil (3.4 X the size of GEEK) PWCC owns 11% of Flashnet, so their share should be 83.7 mil. PWCC has only 3.25 mil shares outstanding. This means for each share of PWCC you would have $25.75 worth of Flashnet. Plus PWCC book value is $6.65 and they have $1.52 of cash. I dont know the value of their other holdings, but it looks like this stock is still a easy double from the current price of 13. Value of Flashnet per share of PWCC--$25.75 Book value per share-----------------------$ 6.65 Future value of other holdings-------------$??.?? Total Value of each PWCC share-------$??.??