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Technology Stocks : MKPL - Aquiring E-Taxi, internet web site community -- Ignore unavailable to you. Want to Upgrade?

To: Grandk who wrote (4)	4/23/1999 5:23:00 PM
From: D. Miller	Respond to of 18

Anyone have any figures for shares outstanding and float on this company? The way this stock moves would indicate the float is pretty tight. Seems to be a majority of buying with most trades printing on the ask. MM's must be tight shares the way it took off the other day, seems like they tried a shakeout but couldn't get anything but more buying. We got a good uptrend here.

To: Grandk who wrote (4)	4/24/1999 2:41:00 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 18

JK, several comments and questions: 1) A quick review of the SEC filings shows that as of December 31, 1998 there were 1,352,424 shares outstanding and options on approximately 2,200,000 shares at prices averaging about $1.00 per share. Additionally, it appears as if MKPL's underwriter holds warrants on 360,000 shares at $3.30 per share. These warrants expire on June 22, 1999. I was not able to get a handle on how many of the Class D warrants were outstanding at the end of December. The expiration date for these warrants, which had a strike price of $2.50, was extended to April 15, 1999. Do you know how many were exercised? Am I missing any additional preacquisition dilution? 2) The float appears to be tight given that much of the stock is controlled by the insiders. I would have to assume that their shares are freely tradeable subject to the normal 144 restrictions. 3) The April 20, 1999 press release talks about acquiring E-Taxi for "...significantly more shares than the number of the company shares presently outstanding." Do you have an idea as to how many shares will actually be issued for E-Taxi? When does E-Taxi launch their site? 4) Same question as it relates to potential dilution for the SSPS deal. SSPS "...provides contingent workforce solutions, primarily to rapidly growing technology firms." What does that mean? Are we talking geeks...whoops...sorry, I mean technicians? $39.0 MM in sales. That could be big. My read on the press release is that this deal is not as far advanced at the E-Taxi deal. Have you called the company? I would do it myself on Monday, but unfortunately, I will be traveling for most of the day. You may have something here and I am looking forward to your response. Thanks in advance.