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Microcap & Penny Stocks : WCTI (Wordcruncher Internet) Search Engine of the future. -- Ignore unavailable to you. Want to Upgrade?

To: dwc who wrote (4636)	3/8/1999 5:01:00 PM
From: John Bissell	Read Replies (1) \| Respond to of 5300

I had to cancel for work reasons and because of the weather here in SF--it's pouring rain and the traffic into the city SUCKS. But Ken did call me from the hotel room to confirm the meeting, so he did follow up as he said he was going to, which I appreciated. We had a 10 minute chat on the phone (I appologized for not being able to make it--he said no problem, and that he often comes to the bay area and we can hook up again next time). We chatted a bit about upcomming events, but really nothing that I didn't already know came out of it. Ken did reiterate that WCTI has been repositioning itself in the marketplace to take advantage of its core strengths, since they recognize that there are some huge players out there with lots of financing that they did not want to take head on. Look to FAQ updates on web site by mid-week. I did get into some detail on the terms of the financing that WCTI had been able to put together, since this is an area I have some expertise in. Everything is legit from my perspective. They did a hell of a deal, in part because the stock price was so high at the time it was signed. I know the shorts on the thread are saying WCTI is hiding something because the deal sounds TOO good, but in my mind it was in line with a solid mezzanine-level funding effort. Bottom line, this investment should turn out to be a good value play (assuming that the Internet stocks don't tank over the next few months) over the medium to long term. However, there will be stock volatility (no shit!) in the near term. As a result, I am probably not going to be checking the SI board so often because I am not interested in playing the short terms swings in stock price. Also, I have been disappointed in the quality of the investment discussion since the arrival of certain individuals, so will probably just email or msg people that I think add value, which I think you and others do provide. jb