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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (6090)	4/30/1999 12:42:00 AM
From: Frederick Langford	Read Replies (1) \| Respond to of 57584

Fred, Nothing has changed on TPEG. Some shorts are having their way right now. . .they will probably stay in control until company releases more news. . .or until the name change. . .I am still holding, though I reduced position some during volatility. Shorts do not understand company, they assume what they do not know. Hope that helps Thanks Rande, Yes it does. Fred

To: Rande Is who wrote (6090)	4/30/1999 1:02:00 AM
From: Steven Finkel	Read Replies (1) \| Respond to of 57584

Rande: On tpegw issue: If you go to their website discussion, you will see a riot going on. Apparently there is confusion over the terms of the warrant that stems from when the company enacted a 3:1 reverse split. Dr. sandrew has posted information that is essentially saying that when the split ocurred, the number of warrants stayed the same and that the exercise price of each warrant went up 3x to (from 1.75 to 5.25 per share). Ok by me if you ask, but then he says: so now you need 3 warrants plus 5.25 to get one tpeg share. So he has tripled the exercise price, and tripled the number of warrants per share. That is insane and is upsetting that management could make such ridiculous statements. I am sure that this has hurt the price of the stock over the past few days and has killed any momentum tpeg had in the short term. In addition, I can't believe that they didn't issue a press release when their web site was up and running. What is going on over there?