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To: The Barracuda™ who wrote (467)	3/21/1999 11:19:00 AM
From: Joana Tides	Read Replies (1) \| Respond to of 7442

Robert, thanks for showing it to me. There's not much out there about New Gold at first glance, wondering if you bought any shares? You didn't say, and from the context of your letter I'm guessing you haven't yet. If you'd said you hold shares I'd say "good luck, couldn't find much on it", and leave it at that....if you've got a good feeling about it, and know it's an ultra-risk penny flyer gamble and invest only some profits in it to see what happens, you know what you're doing, hope it comes through for you. It needs constant watching, for sure! It wouldn't be one I'd buy because a quick looky was negative so led me in the other direction; except of course it might give a quick spike soon if it gets some notice. (And if/when it does, kick me!) But it's non-reporting and research is difficult to come by at first glance. How long would a shareholder have to wait and see if it actually becomes an internet? The .10 OTC is "acting like a real stock" by issuing a tracking stock - (like HWP and perhaps soon MSFT) - uh-oh. The Big Difference between this and MSFT and HWP - The Tracking Stock is a New Venture. When a business having nothing to do with Internets starts up a dotcom it's a classic Alert. And so gotta ask, what does it track just yet? A Bandwagon? Tracking Stocks are the Rage Du Jour. Why? New detrimental tax law start-up deadlines about them are coming soon in May! We'll see more! Putting it under the microscope: From what I understand -(Please, Anyone, correct me if I'm misunderstanding something here)- A tracking stock differs from a full-on spinoff because the issuing Co. retains rights of ownership, income, and payment if acquired (e.g. - longtime GM/GMH); unlike a spin-off where it's owned by shareholders as a seperate company altogether while usually retaining that larger business alliance with the parent (e.g. - ATT/LU, ROK/CNXT, etc.)and the parent makes one-time $ by giving the spinoff. So the tracking stock issue is better positioned to take advantage of tax rules and gives a better continuity and balance to the main (vs. the parent) Co.'s earnings report. It segregates & a division that's already functioning as a part of the whole; and usually because it's been skewing general earnings results and taxes due by being more volatile in profits than the other divisions, so the Co. thinks it best to separate the share ownership of this div. from the whole while retaining the actual and majority ownership for itself (back to square one, with a spin-off the parent company is often the biggest share owner as well, if not actual or 51%). Robert, best of luck with this one if you go for it, and in all. 909's 2U, Joan