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Non-Tech : J.B. Oxford -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (829)	2/6/1999 7:31:00 AM
From: William Richard	Read Replies (1) \| Respond to of 2220

TOP25: Security and Commodities Brokerages DBCNews - February 05, 1999 17:14 [DBCNews, updated: 17:14 E.T.] The current top 25 dollar volume issues among the Security and Commodities Brokerages are reported below. The calculated dollar volume represents the approximate wealth exchanged in the market as of the time of this report. By constantly searching the universe of instruments on the NYSE, AMEX and NASD exchanges, we can identify the hottest traders in these marketplaces for you throughout the day. This sector had a total dollar volume of $1,945,524,513 at the time this report was compiled. Issues are included in the sector based on the primary SIC code reported for the ticker symbol. The leader in this category is E TRADE GROUP INC(NASD: EGRP). The current price observation for this stock is 48 15/16. The stock moved down 4 9/16 from its previous day closing price of 53 1/2. The trading range for the day is a high of 52 3/4 and a low of 45 1/16. A total of 11,899,800 shares had exchanged hands making total activity valued at approximately $582,346,463. The last observed trade size for this issue was for 500 shares. The number 2 issue is AMERITRADE HOLDINGS CORP(NASD: AMTD). The current price observation for this stock is 95 1/2. The stock moved down 15 1/4 from its previous day closing price of 110 3/4. The trading range for the day is a high of 110 and a low of 92 1/4. A total of 2,438,400 shares had exchanged hands making total activity valued at approximately $232,867,200. The last observed trade size for this issue was for 200 shares. The number 3 issue is MERRILL LYNCH & CO INC(NYSE: MER). The current price observation for this stock is 70 3/4. The stock moved down 2 5/16 from its previous day closing price of 73 1/16. The trading range for the day is a high of 72 7/8 and a low of 69 15/16. A total of 3,188,000 shares had exchanged hands making total activity valued at approximately $225,551,000. The last observed trade size for this issue was for 11,600 shares. The number 4 issue is AMERICAN EXPRESS CO(NYSE: AXP). The current price observation for this stock is 98 1/8. The stock moved down 2 1/8 from its previous day closing price of 100 1/4. The trading range for the day is a high of 100 1/8 and a low of 97 1/4. A total of 1,710,200 shares had exchanged hands making total activity valued at approximately $167,813,375. The last observed trade size for this issue was for 16,600 shares. The number 5 issue is J B OXFORD HLDGS INC(NASD: JBOH). The current price observation for this stock is 11 3/4. The stock moved down 4 1/8 from its previous day closing price of 15 7/8. The trading range for the day is a high of 16 1/4 and a low of 10 5/8. A total of 11,516,800 shares had exchanged hands making total activity valued at approximately $135,322,400. The last observed trade size for this issue was for 1,000 shares. The number 6 issue is SCHWAB CHARLES CORP(NYSE: SCH). The current price observation for this stock is 66 1/16. The stock moved down 0 7/16 from its previous day closing price of 66 1/2. The trading range for the day is a high of 67 5/8 and a low of 63 15/16. A total of 1,913,700 shares had exchanged hands making total activity valued at approximately $126,423,806. The last observed trade size for this issue was for 23,000 shares. The number 7 issue is SIEBERT FINANCIAL CORP(NASD: SIEB). The current price observation for this stock is 35 1/8. The stock moved down 8 1/8 from its previous day closing price of 43 1/4. The trading range for the day is a high of 42 11/16 and a low of 33. A total of 2,726,400 shares had exchanged hands making total activity valued at approximately $95,764,800. The last observed trade size for this issue was for 2,500 shares

To: Anthony@Pacific who wrote (829)	2/7/1999 10:35:00 PM
From: Sir Auric Goldfinger	Read Replies (1) \| Respond to of 2220

Didja see this? Massive dilution, no tight float here:"NOTE 3. CONVERTIBLE NOTES 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. The Company incurred a non-cash interest charge of $560,000 in the second quarter of 1998 as a result of the discount conversion feature on the debt instruments discussed above. The discount is based on the difference of the conversion ratio to the fair value of the underlying Common Stock after applying certain discounts that management believes are appropriate under the circumstances. "