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To: jjs64 who wrote (61)	3/26/1999 11:01:00 AM
From: makin_dough99	Respond to of 147

Started a new thread on this one - Let's see what happens ! Great reporting by the way :) Keep up the fine work - can't wait for Part III

To: jjs64 who wrote (61)	3/26/1999 3:54:00 PM
From: jjs64	Read Replies (1) \| Respond to of 147

The Real ASMCD - Part III (How Many Shares Are There?) (Lots of Numbers in this installment! Get those calculators out!) In the last 2 days we have seen some pretty impressive volume on ASMCD, could it be those warrant holders, which is where we left off.... In January of 1997, the new owners (Tobin and Co.) bought from a Singaporean company (IPC) an Australian distributor of computers (IPC Australia), for $1 plus 25 "preference shares" Each preference share is convertible into 500,000 common shares, but certain unspecified conditions must be met. It is unsure if these preference shares are exempt from the reverse split or not. So there could be as much as 12.5 million or as little as 125,000 shares floating around. The shares outstanding are listed at 5,535,586 as of the end of 1998. Giving D-Vine roughly 75% of the stock and Oceanic roughly 10%. In a proxy issued in Feb 1999, Bryan Cave is identified to be a law firm, and Steve Saide a lawyer at this firm. The proxy is to approve a 100 for 1 reverse split and to increase the maximum shares authorized to 100 million. On 2/25/99 ASMC reverse split 1 for 100 leaving 55,356 shares outstanding. Oceanic's warrant is unaffected. The company also approved a 1 million share "incentive program" for insiders. Subsequent to the proxy becoming effective and the reverse split taking place, the company announced that it had acquired Technochannel (dba MyWeb), a Singapore company. Tobin remains and T.S. Wong and Victor Ng of Technochannel are now Directors. Technochannel was acquired for 8.5 million common shares, giving the company approximately 10.55 million shares outstanding on a fully diluted basis. (8.5 million plus 55k, plus 1m warrant, plus 1m incentive). This gives it roughly a 260 million dollar market cap (using a price on March 26, 1999 of $25.00 / share, which is what my screen shows as a current quote as of this writing). This does not include the shares issued to IPC, but that could be as much as 12.5 million additional shares! If we use this possible maximum diluted shares out, that would be over 23 million shares, giving ASMCD a market cap of $575 million. The company will soon change its name to MyWeb.Com. The new PR man is David Drake or Merger Communications, Inc. Houston 713-267-2328 (Site was siteblazer.net, but it has disappeared). The new PR compares ASMCD with WebTV, and goes as far as to compare the companies valuations. David Drake gpes as far as to imply that ASMCD should be worth as much as Microsoft paid for WebTV, $425 million. This would give ASMCD a price of $40 per share, using the 10+ million estimate of shares out. If you use the minimum dilution from the IPC shares, that would give an implied price of $39.80, but if you include the maximum possible dilution from the IPC shares, that would give ASMCD an implied value of $18.48 per share...IF YOU BELIEVE THE HYPE! Buyer Beware!

To: jjs64 who wrote (61)	3/29/1999 11:31:00 AM
From: beta_dog	Read Replies (1) \| Respond to of 147

Fact Verification of JJS64- Part I We have read carefully your due diligence comments for quite some time and will continue to read your work in the future. To give us comfort level on your facts, we did some due dilligence of our own. If you could please answer (one by one) each question it would be quite helpful: 1) On March 25, at 4:31PM, you wrote about a company called Asia Media. In paragraph (3) you state "GEM Ventures (Whose company did some privates for Diana/Coyote a few years ago)". We have contacted senior management of both Diana/Coyote (CYOE) and GEM Advisors (NASD/SIPC)at 712 5th Avenue and principals of GEM Ventures and all claim no private placement was ever completed by GEM or any GEM entity nor were they aware of any transaction. Simply put, please answer this question: Where did you get this information? We look forward to part II.