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

To: RockyBalboa who wrote (860)	4/16/1999 9:52:00 PM
From: Tom Hua	Read Replies (1) \| Respond to of 1305

C, at that time I overlooked the conversion factor. For example JUNO is really worth less than one-fifth my original calculations. Similarly WGAT, ROWE, MPATH are all converted at less than 1 to 1. WCAP is basically a small close end fund, not an operating company. Some more background info: - WCAP has 3 employyes (CEO, CFO a brother of the CEO, and a secretary) - WCAP will report a loss of $1.50 per share as a result of the decline in COOL value on 3/31/99 vs 12/31/98. - WCAP invests by borrowing funds from the SBA - WCAP has no venture capital, no backing from venture capitalists - WCAP has no WS coverage - WCAP was underwrittern by A.S. Goldman which was fined by the SEC for its P&D scheme on other stocks. A.S. Goldman owns 10% of WCAP stocks - WCAP has no institutional ownership - WCAP was a penny stock (about $1) last Fall. Regards, Tom