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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Michael Burry who wrote (6200)	3/5/1999 8:41:00 AM
From: jeffbas	Respond to of 78470

Mike, on MWY, it would be totally crazy to offer 250,000 shares at a price probably lower than they just got through buying 250,000 back, PLUS very substantial attendant offering/registration costs relative to the amount raised. I wouldn't be surprised if it is misreported and this is with respect to some specific transaction (past or present). If it isn't, I will not consider buying another share no matter what the price, as this means that mgmt is stupid beyond belief.

To: Michael Burry who wrote (6200)	3/5/1999 9:10:00 AM
From: James Clarke	Read Replies (1) \| Respond to of 78470

You're right Mike, that is weird. Its not enough to make a huge difference in the economics, but it sure should raise questions about management.

To: Michael Burry who wrote (6200)	3/5/1999 2:23:00 PM
From: Bob Rudd	Respond to of 78470

Mike: MWY call and ask... I looked at the S-3 [Under freeEdgar since yahoo's won't give day of filing info without fee] and found same nothing statement you referred to.