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

To: puborectalis who wrote (862)	4/16/1999 10:04:00 PM
From: Tom Hua	Respond to of 1305

Stephen, WCAP does not even remotely resemble CMGI. CMGI is backed by deep pocket venture capitalists, is owned by institutions, has wide and favorable WS coverage and WS support. CMGI owns big chunks of companies it invests in, not trivial amount like WCAP's case (exception: COOL). But frankly, without people who think WCAP could be a CMGI, I wouldn't be able to short at prices I like. Regards, Tom

To: puborectalis who wrote (862)	4/16/1999 10:53:00 PM
From: Tom Hua	Respond to of 1305

From today's press release. As previously announced on February 10, 1999, Winfield Capital initially purchased 140,846 shares of preferred stock of WorldGate at a purchase price of $7.10 per share which will, as the result of the closing of WorldGate's initial public offering, be converted into shares of common stock of WorldGate. As the result of a reverse stock split declared by WorldGate prior to the closing of its initial public offering, Winfield Capital's shares of preferred stock are convertible into shares of WorldGate on a two for three basis, such that Winfield Capital will own, upon consummation of the conversion, 93,897 shares of common stock of WorldGate at an adjusted purchase price of $10.65. The securities held by Winfield Capital are subject to restrictions on transferability, including the underwriter's lock-up of 180 days from yesterday's date. Consistent with the regulations of the SBA, the Company intends to discount the value of its investment in WorldGate so long as such restrictions on transferability exist. Winfield Capital is a small business investment company which makes loans and equity investments pursuant to funding programs sponsored by the SBA and is a non-diversified, closed-end investment company that is a business development company under the Investment Company Act of 1940. Winfield Capital's common stock is traded on the Nasdaq SmallCap Market and the Boston Stock Exchange under the symbols "WCAP" and "WNF," respectively.

To: puborectalis who wrote (862)	4/18/1999 9:24:00 PM
From: stock4U	Read Replies (2) \| Respond to of 1305

From Yahoo board The TOTAL Shares is 5,030,000 The FLOAT is 2 million shares. WCAP ($30) Market Cap(MC) is $150,690,000 and the PE is 6.67 Compare this to other venture capital funds: CMGI (price 246) MC: $11.5 BILLION. PE: 165 SFE (93) MC: $2.97 BILLION. PE: 29 NAVR ($16.5) MC: $380 MILLION (NO EARNINGS) PWCC (11.125) MC $36 MILLION (- $1.12 - NEGATIVE) Based on the projected earnings from the IPO's done and coming WCAP could make $10 or more a share this year. The next earnings report will be mid-May and could be stunning. The next quarter will be even better. CURRENT HOLDINGS: COOL 1,440,000 (approximate - I misplaced the number) ELNK probably sold ROWE 153,676 WGAT 140,846 - (IPO next week) MPTH 227,273 - (IPO next week) JWEB 1,178,300 (IPO in June) (some claim a 7 to 1 reverse split has gone on but I haven't seen the evidence) TERASTOR COMMERCEONE COOLZONE VIVID SEMI PARK'n'VIEW ALLIANCE NATIONAL DIVERSIFIED DEV DOWLING CREATIVE FOODS HPA monon CORP Improved Drinking Water & Pool Co. Independence Brewing Co NAI TECH NY Restaurant Group