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Gold/Mining/Energy : Infowave Wireless Messaging IW:TSE -- Ignore unavailable to you. Want to Upgrade?

To: Groundhog who wrote (157)	2/23/1999 9:44:00 PM
From: Keith Minler	Respond to of 1690

Well with any luck Cannacrap may be finished dumping. Over the last ten days they were net sellers of 373,200 shares but today they were traders ending up net +20,000. Todays decline probably indicates lack of positive rumours prior to the release of last quarter numbers. As I see it best case for this quarter is likely one or two cents earnings. Going forward into '99 that might yield a total of $0.10 estimated earnings. At a p/e of 20 that yields a price of $2.00. Hopefully I'm too pessimistic! Later Keith