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

To: Top Jim who wrote (892)	4/21/1999 8:34:00 AM
From: Linda Pearson	Respond to of 1305

Employee Benefit Plan Registration Statement edgar-online.com

To: Top Jim who wrote (892)	4/21/1999 9:28:00 AM
From: Bo Le	Read Replies (1) \| Respond to of 1305

Hi, why you guys are so interested in WCAP earning report. Earning is meaningful only it can be repeated under normal business condition. Other income should only be considered as un-expected gain and they should not be included into PE caculation at all. Just my two cents. BL

To: Top Jim who wrote (892)	4/21/1999 5:08:00 PM
From: Tom Hua	Read Replies (2) \| Respond to of 1305

TJ, the company has fixed the discount rate for reporting unrealized gain/loss. If they change it each quarter (and raise eyebrows with the SEC), then they will have to restate prior quarters' numbers. I doubt that's what they'll do. If they choose to change to a 10% discount for COOL, the restated gain for 98 will be larger than reported, but the loss for the quarter ended 3/31/99 will also be larger than my estimate based on a 30% discount. The company records unrealized gain/loss on an equity investment only if the stock has traded the entire quarter. ROWE will not show up for the quarter ended 3/31. Same reason unrealized gain in COOL was not reported for the quarter ended 9/30/98 (COOL ipoed in July). Regards, Tom