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To: Mike M who wrote (56410)5/12/1999 7:12:00 AM
From: Sarmad Y. Hermiz  Respond to of 164684
 
>> In fact you could say they paid nothing of value...for something worth nothing much....

Exactly. Barton Biggs pointed out that internet companies did $13 b stock deals in Q1 compared to $8 b in all of 1998. He said they are desperately trying to exchange stock certificates for real assets. I think this dilution will kill all these stock prices.