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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: golden_tee who wrote (787)	4/21/1999 12:39:00 AM
From: Dale Baker	Respond to of 10293

Bob, Barb is one of the best bloodhounds on SI when it comes to rotten companies. She hangs out here because it is fertile ground for finding gizmo outfits with massive pending stock dilution and rabid longs. They make great shorts in the long run. You should try owning RACE too. You would fit right in over there.

To: golden_tee who wrote (787)	4/21/1999 8:40:00 PM
From: Mama Bear	Read Replies (2) \| Respond to of 10293

"Legality? Sure, our government cares about that! Robert, the crux of your friends argument was that the wager would be left with a reputable escrow agent. If the transaction is not legal, any contract would be unenforcable. Therefore no reputable escrow agent could be found to hold the money. Legality is therefore a significant issue. I really think your being optimistic in assuming that they'll be able to get 17 per share. I'm going to assume you meant 3 million even though you said 3000, because I can't believe that even you would think 17000 per share possible. The stock has not been over 12 in the last 4 years, and I think it's a real stretch to expect they'll get almost 50% more than the 48 month high. It's more realistic to expect 8 to 10 million, and on a share base of 26 million, I call that massive dilution. Since it is likely to be junk equity, there is a significant risk that that dilution will exceed that. I have not attempted to defend anyone who uses me to advance his own financial position, because no such person exists. You are completely mistaken about this notion, and should disabuse yourself of it forthwith. It is you who are not credible. Bill has built credibility with me over time, by being realistic, and right a fairly impressive percentage of the time. Each time you attempt to belittle someone with whom you disagree, you discredit yourself a little further. Engaging in name calling is something most folks leave behind when they get through puberty. BTW, my interest in VLNC wasn't piqued until you came along. I think I will short a tracking position tomorrow. Barb