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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Rande Is who wrote (5472)4/13/1999 5:50:00 PM
From: Rock_nj  Read Replies (1) | Respond to of 57584
 
Rande Is

Great Calls!

What do you think about AWEB and ABTL coming out of their quiet period next week? I think they might be the next Internet screamers. Eventually, Internet auto shopping will get hot.

position-trader.com




To: Rande Is who wrote (5472)4/13/1999 7:36:00 PM
From: QKAnd  Read Replies (1) | Respond to of 57584
 
Rande

Posted a few times when the thread first opened but have been a lurker for a while just watching. Just wanted you to know I have been buying mostly your swing trades since Jan and am up about 800% on them alone. Thanks a lot and keep up the good work. Also, thanks William. Way to keep the steady performance



To: Rande Is who wrote (5472)4/13/1999 8:53:00 PM
From: pressboxjr  Read Replies (1) | Respond to of 57584
 
Rande, this is from the KTWO 10K:

In May 1998, the Company decided to discontinue the CLIQNOW! Division.
Accordingly, this business has been reflected as a discontinued operation for
the years ended December 31, 1998 and 1997. On June 1, 1998, the Company sold
its CLIQNOW! Division to 24/7 Media, Inc. ("TFSM") for gross proceeds of $4
million, consisting of $1 million of cash and $3 million of TFSM Convertible
Redeemable Preferred Stock. The sale resulted in a net gain of approximately
$2,994,000. On August 13, 1998, TFSM's registration statement for its initial
public offering was declared effective by the Securities and Exchange
Commission. As a result, the Convertible Redeemable Preferred Stock of TFSM
automatically converted on that date into shares of common stock of TFSM, of
which the Company retained 196,492 shares. These shares are being carried at a
cost of $2,558,300 (approximately $13.02 per share) on the Company's
consolidated balance sheet at December 31, 1998.

______________________________________________________________________

Good call here and a heck of deal for KTWO.

Oh, did anybody notice that KTWO has warrants?

JR