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Non-Tech : Individual Investor Group (INDI) -- Ignore unavailable to you. Want to Upgrade?

To: Colin Thorpe who wrote (960)	2/12/1999 5:40:00 PM
From: lloyd bashaw	Read Replies (1) \| Respond to of 1129

INDI is very shaky. The yhoo indi news is well known by all daytraders. If they put out a company release there will be little or no serious buyers. Anyone left who doesnt know about today's pump and dump will buy into selling + shorting. Gap and trap pump and dump Red Flags everywhere on little indi with their little stock info site that no one reads.

To: Colin Thorpe who wrote (960)	2/12/1999 5:51:00 PM
From: lloyd bashaw	Respond to of 1129

Convertible Dumping ground...the preferred convertible into several million common at 2 bucks a pop Watch Out. On November 30, 1998, Registrant entered into a Stock Purchase Agreement with Great American Insurance Company and entered into a Stock Purchase Agreement with Great American Life Insurance Company. Pursuant to each such Stock Purchase Agreement, the respective purchaser agreed to purchase and Registrant agreed to sell five thousand (5,000) shares of Series A Preferred Stock of Registrant (the "Series A Preferred Stock"), for a purchase price of one million dollars ($1,000,000). The Series A Preferred Stock is convertible into Registrant's Common Stock at a conversion price of $2.12 per share, subject to adjustment for stock splits, recapitalizations and the like; and any unconverted shares will be subject to mandatory conversion into Registrant's Common Stock on December 31, 2003. The Series A Preferred Stock will be entitled to receive out of any assets legally available therefore cumulative dividends at a per share rate of ten percent (10%) of the stated value (i.e., twenty dollars per share) for each share of Series A Preferred stock, per annum, payable annually on December 31 of each year, commencing December 31, 1999, or, if earlier, upon conversion of the shares of Series A Preferred Stock.