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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (8061)	4/23/1999 4:00:00 PM
From: Kip518	Read Replies (1) \| Respond to of 18998

WEBB files S3 for sale of shares. ONLINE SYSTEM SERVICES, INC. This is a public offering of a minimum of 252,564 and a maximum of 840,000 shares of common stock of Online System Services, Inc. The selling shareholders, Arrow Investors II LLC and EBI Securities Corporation, are offering all of the shares to be sold. We will not receive any of the proceeds from the offer and sale of the shares, however, the 20,000 shares offered by EBI and, as of April 15, 1999, 173,442 of the shares offered by Arrow are issuable upon the exercise of issued and outstanding transferable warrants of OSS. If these warrants are exercised in full, we will receive proceeds of $2,114,200. The shares to be sold by the selling shareholders consist of shares of common stock issuable to them upon: o Their conversion of OSS' Series C Preferred Stock; or o Their exercise of issued and outstanding transferable warrants of OSS exercisable at a price per share of $5.71.

To: Mr. Pink who wrote (8061)	4/23/1999 5:14:00 PM
From: J.Y. Wang	Read Replies (1) \| Respond to of 18998

Mr.Pink: What's your opinion on TUNE?