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Technology Stocks : FirstWave Technologies (FSTW) -- Ignore unavailable to you. Want to Upgrade?

To: Shege Dambanza who wrote (1078)	4/27/1999 11:45:00 AM
From: Russian Bear	Read Replies (1) \| Respond to of 9677

<<...assessment of stock price on Nov 1, 1999: Probability of stock price < $1: 10% Probability of stock price < $2: 40% Probability of stock price < $3: 70% Probability of stock price < $4: 80% Probability of stock price < $5: 90% Probability of stock price < $6: 99%>> Shege, My gut feeling is that your probability distribution function does not reflect variance to a sufficient extent. I have to believe, unfortunately, that there is a >10% probability of FSTW falling below $1 by November. Likewise, a stock price >$6 should be more than 1% likely. RB

To: Shege Dambanza who wrote (1078)	4/27/1999 12:47:00 PM
From: Oeconomicus	Read Replies (2) \| Respond to of 9677

In successful companies there is a great focus on getting things done, not on titles. Shege, you are so full of ... You are the one obsessing over titles and assuming some coming, bloated bureaucracy. So what if they call someone SVP instead of just VP? Titles indicate relative authority and, as I suggested before, sometimes signal a likely path of succession. It's not like this is some five person startup where everyone is a "member of development staff" or some such anti-hierarchical nonsense. That you are making such a big issue of it just supports my case that you really have no substantive criticisms and just like blabbering on to an adoring audience. Regarding the preferred, if they are willing to put money behind their apparent belief that they can make something out of FSTW, and to do so when most of the market has written them off, then that's OK with me. Besides, if they really can turn the company around and make something of it, then four or five dollars a share will seem a bargain. If they make a dollar or two more than me on each share, I can live with that. If they can't turn it around, I'm pretty sure they won't get any more out of it than I will - other than a salary of course. BTW, that was quite ridiculous of you to include salary in the preferred stock return. If Cormac does his job, he will have earned his salary. If not, getting a year or so of salary while losing a million bucks on the preferred doesn't seem like a windfall investment to me.

To: Shege Dambanza who wrote (1078)	4/27/1999 8:04:00 PM
From: Buddy M	Respond to of 9677

Shege, some times we need to make a "WAG" and without -__--__ mine is 100% at $4.80 On Nov 1. At this time it isn't the product but the market place that is the brick wall. Of course in my view. We have an advantage in that we are small (we -- don"t I feel a part of Firstwave?} and can out last some of the drifting biggies. Today was a tinny wennie hope - and lots of hard work is ahead. Most of which is in " : SALES :'" As I have feared long ago, is that buyers will be looking at FSTW. I'm not in favor of that. I don't think the market is waiting for us but that we need to make the market. Buddy M