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Gold/Mining/Energy : Optimark Data Systems Inc. @ Johns Hopkins Hospital -- Ignore unavailable to you. Want to Upgrade?

To: Eagle who wrote (427)	5/11/1999 12:59:00 PM
From: Lee Bush	Read Replies (1) \| Respond to of 436

John, where are you? I am surprised that no one posted their take on the conference call with Broes yesterday. I listened in and asked one brief question. Phil Gross had quite a few questions regarding the planned merger and IPO, technically a secondary offering. Chuck Broes stated that anyone wishing to convert their NATD and ODS stock prior to the IPO would be free to do so. However, the resulting stock would not be free trading, and the underwriter possible could place some limits on the trading of such stock after the IPO. Chuck said that the IPO and merger could be completed by Summer, but that there are many loose ends to take care of before that can happen. They are in the final stages of selecting the underwriter, and the underwriter will be one of the large houses. Chuck felt that NATD was clearly undervalued at this juncture, since .25 sh NATD = 1 sh of the new company. The value of ODS is still unclear because of the exchange rate. If we take the present price of .26 on the ask, then it will take about 40 shares of ODS to equal 1 share of the new company. But, of course, the bid price is much below that, .1875. They will soon be going into a quite period, so if you have questions, better ask them quickly. Lee