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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (1013)	5/12/1999 4:52:00 AM
From: Bill Wexler	Read Replies (1) \| Respond to of 10293

WEXLER ISSUES AN ALERT..... PROXYMED (NASDAQ: PILL) Proxymed (NASDAQ: PILL) is located in Ft. Lauderdale, Florida, and bills itself as a "healthcare information service company that provides on-line clinical and financial electronic data interchange (EDI) services to physicians, nursing homes, pharmacies..". Best I could tell is that this company sells stock to finance the purchase of crappy and outdated software and net technology - think of it as the DTLN of the healthcare industry. The company is capped at about $250 mil. with an accumulated deficit of about $50 mil. Naturally, the company excels at losing money and burning cash. Company was initially capitalized through a private placement with "Bellingham industries". Bellingham has been buying the stock ever since. Interestingly, "Bellingham Industries" is located in Panama City, Panama. A recent S-3 has another 2,000,000 shares on deck being sold by the officers of one of their most recent questionable acquisitions: Key Communications. In another DTLNish ploy...the company discloses the following in the same S-3: <<<Further, we have also hired Salomon Smith Barney as our financial advisor to explore other possible strategic alternatives to raise shareholder value. During the last several months, ProxyMed has been in discussion with a few unrelated parties in this regard. No assurance can be given as to when or if ProxyMed will enter into any agreement as a result of these discussions.>>> Throw in a recent patent-infringement suit for good measure.

To: Bill Wexler who wrote (1013)	5/14/1999 6:40:00 PM
From: Bill Wexler	Read Replies (2) \| Respond to of 10293

Wexler changes his market outlook. Today's bond action and the perception (I think the right perception) that there is a good chance the Fed will tighten means that its time to blow out some stock (which I have been doing all day). I also bought puts on nearly all of my remaining long positions - including CSCO and COST. I don't think next Monday is going to be pleasant (except for short-sellers!!!) If the fed raises rates I will be immediately shorting some big-caps and will definitely be on the phone all day looking for more borrows on all of the small cap frauds that I've previously mentioned in this thread.