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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (17273)	2/1/1999 1:11:00 AM
From: S. maltophilia	Read Replies (1) \| Respond to of 18691

Maybe the promotion has something to do with this: sec.gov << These shares of common stock are being sold by the security holders listed under the heading "Selling Shareholders." The selling shareholders previously received the shares from us or will receive the shares from us by converting previously issued preferred stock or exercising previously issued common stock purchase warrants. We will not receive any of the proceeds from the sales of the shares by the selling shareholders.>>

To: Roger A. Babb who wrote (17273)	2/3/1999 1:14:00 PM
From: Peter V	Read Replies (4) \| Respond to of 18691

WHere is everyone today? What do we think about ALTIF's runup on the press releases regarding hiring Prudential? (Yahoo also lists another press release regarding alternatives for mine assets, but the link is wrong) biz.yahoo.com Tuesday February 2, 6:02 am Eastern Time Company Press Release SOURCE: Altair International Inc. Altair Retains Prudential CODY, Wyo., Feb. 2 /PRNewswire/ -- Altair International Inc. (Nasdaq: ALTIF - news) today announced that it has retained Prudential Securities Incorporated to assist in exploring financing and strategic alternatives which will enable the Company to realize the full value of its mineral deposits in Tennessee. As reported earlier, the discovery of the Little Benton Deposit adjacent to the Camden Deposit effectively doubles the Company's estimated titanium resource. The increased size of the Camden/Little Benton titanium orebody to ''World Class'' status makes it a strategically more valuable feedstock resource for the growing Ti02 pigment industry. Prudential Securities will assist the Company in identifying strategic partners and sources of capital to fully develop these mineral deposits. Altair International is in the final development stages of commercializing its state-of-the-art technology, the Altair Centrifugal Jig, which recovers extremely fine, heavy particulate matter using a combination of a mechanical jig and centrifugal force. Potential applications include gold/mineral recovery, coal cleaning and environmental remediation. Altair is the 100% owner of a large titanium/zircon mineral deposit in Tennessee. This press release may be deemed to contain certain forward-looking statements . . .

To: Roger A. Babb who wrote (17273)	2/4/1999 10:09:00 AM
From: Rajiv	Read Replies (2) \| Respond to of 18691

JBOH There are some outstanding convertible notes/preferred stock which convert at $0.70/share. ------------------------------------------------------------------- From their SEC filings... In June 1998, the Company completed the sale of newly issued 9% Secured Convertible Notes in the principal amount of $2.0 million due December 31, 1999. The notes are convertible into the Company's $0.01 par value common stock (the "Common Stock")at a rate of $0.70 per share. The notes will be converted into a new issue of voting preferred stock of the Company if such new issue is approved by the Company's shareholders. The new preferred stock will be convertible into Common Stock on the same terms as newly issued 9% Secured Convertible Notes. In conjunction with the above transaction, the purchasers of the newly issued 9% Secured Convertible Notes and another investor also acquired approximately $3.9 million in outstanding principal amount of the Company's 9% Senior Secured Convertible Notes. The Company agreed to reduce the conversion ratio from $1.00 to $0.70 per share of the Company's Common Stock for the entire $4,421,311 of outstanding 9% Senior Secured Convertible Notes. The maturity date of the notes was extended to December 31, 1999, and they are immediately convertible into common shares.