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Technology Stocks : Aladdin Knowledge Systems (ALDN) -- Ignore unavailable to you. Want to Upgrade?

To: jsabelko who wrote (323)	4/1/1999 9:53:00 PM
From: OpenSea	Read Replies (2) \| Respond to of 351

Joby--I sure hope you are right. If ALDN has the 1.2 million $1.75 warrants, they are currently worth about ($21.75 [today's closing price minus $1.70] times 1.2 million = $26,100,000) plus the other warrants (1.1 million times a fifteen day average of something like 17 subtracted from the current price of 23.5 [6.5] = 7,150,000) which equals $33,250,000. Thirty three million bucks! For a company with 10 million outstanding shares that means over $3 a share at current valuations. Not bad. I'll pay $12 for a share of this company with those securities factored in for sure...it's even better when I consider the possible revenues from the percentage of WAVX's sales. James

To: jsabelko who wrote (323)	4/2/1999 11:17:00 AM
From: Harry J.	Respond to of 351

Joby's correct - My post # 322 has two misquotes from the WAVX 10K. I misread and therefore misquoted a table on page 24 re: beneficial ownerships; ALDN does not hold any Class B shares (hence, it cannot hold the 335,000 WAVX Class B shares the table says are held by the owner whose name appears just above Aladdin's entry which I tried to give to it). Second, I misquoted a date appearing in Footnote 8 to the Financial Statements (bottom of page F-25) regarding the award of warrants to ALDN (by typing an incorrect date of July 17, 1998, instead of the correct date of July 18, 1997). Hence, ALDN's warrants to purchase up to 1,216,136 shares of WAVX at $1.70 expire on July 17, 1999, instead of July 17, 2000. A reason I tend to place cites in my posts is because of errors like these. Please, nobody out there hesitate to check my work. Regards, Harry