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

To: robbie who wrote (1004)	2/14/1999 9:02:00 AM
From: lloyd bashaw	Read Replies (3) \| Respond to of 1129

More Convertibles Red Flag In addition to the 2 million convertibles held by Great American Life at 2 dollars a share (see post #962), another 1.2 million shares at 4 dollars a share have been issued to Wise Partners (see below). Raising the float from 5.6m to 8.6m, a 65% increase in the float. Convertible always dump into the pump. The selling into the few buyers left on Tuesday will be heavy. Gap and Trap. sec.yahoo.com On June 26, 1998 the Company entered into a Stock Purchase Agreement with Wise Partners, L.P. providing for the sale of 1,259,842 shares of Common Stock for an aggregate purchase price of $5,000,000, which was based on the closing "ask" price of the common stock on June 25, 1998. Wise Partners, L.P. is a limited partnership of which the Chief Executive Officer of the Company, Jonathan L. Steinberg, is the General Partner. In addition, during the first nine months of 1998 the Company received $398,152 from exercises of stock options.