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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50] -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (424)	2/4/1999 5:52:00 PM
From: Steven Finkel	Read Replies (2) \| Respond to of 4766

i own tpegw, and had no idea there was a preferred stock. They are apparently remaking themself, hoping to mold themselves in the image of CMGI. They plan to acquire internet companies and eventually take them public in spinoffs. I believe that they announced their first acquisition either today or yesterday. It is a flowers and gifts online site. I think they have a lot of potential. i will look into the preferred stock

To: Rande Is who wrote (424)	2/4/1999 8:52:00 PM
From: KonKilo	Read Replies (2) \| Respond to of 4766

Rande, TPEG in a nutshell: marginally successful film production co decides to use their Naz listed, clean shell to become an internet holding co. They are in negotiations with six co's initially, more to follow later. TPEG indicated an equity interest in the first one today : flowers and gifts.com, a florist-plus that has agreements and the ability to connect with FTD for delivery TODAY. (This is important; the competition uses next-day drop shipping). Think about THAT. TPEG has considerable carry forward credit, in addition to their clean shell, making them attractive to a small, successful start-up co. They also are close to selling a division valued at around $5M. If you are familar with what CGMI has done in this niche, you'll know the co that TPEG is modeled on. Float is 6.5M. I think there is somewhere around 1M convertible overhang, but that is at best a guess. TPEGP is the best value right now, as it is less than the common and carries a stock dividend. I have a fair sized long position in TPEGW. Ken from the low brass section.