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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying -- Ignore unavailable to you. Want to Upgrade?

To: Rajiv who wrote (436)	3/15/1999 11:05:00 PM
From: monsoon	Respond to of 1305

No kidding, the people I see on this board I see everywhere on the SI threads (i.e. Tom hua, Eric chen......). These guys are momentum players and I'll bet my lifesavings that right now they are thinking where to short this thing tomorrow. So Tom, did you short WACP already today? Come on, all these little messages hinting that WCAP is going to fall. Well, I am sure thinking that when this thing hits the ground there will be a loud thud :-).

To: Rajiv who wrote (436)	3/15/1999 11:05:00 PM
From: Tom Hua	Read Replies (1) \| Respond to of 1305

Rajiv, I received a PM which brought up a good point related to this post of mine: Message 8242842 The question posed to me was that I might be wrong to assume a 1-to-1 conversion of WCAP's preferred stocks to common stocks in the IPOs for Juno, Mpath and Worldgate, given the fact WCAP's preferred stocks in Rowe (which ipoed last week) are converted to common shares with a conversion factor of about 0.35 Since WCAP just purchased the JUNO preferred shares at $ 1.43/share last month, and the IPO is coming in a matter of months, it's quite possible that WCAP's preferred shares will be converted with a conversion factor much smaller than unity. Regards, Tom