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To: Selfmade$ who wrote (16673)	5/12/1999 6:41:00 PM
From: Annette	Respond to of 27722

Because they don't have to, and they won't. You should know by now that NAVR doesn't CARE about it's investors!

To: Selfmade$ who wrote (16673)	5/12/1999 7:31:00 PM
From: JW Steve	Respond to of 27722

I don't see it happening... It's not the norm by any stretch, so you should probably ask, why would they? NAVR is using the Netradio IPO to raise some capital so they can become debt free. I doubt giving away NETR shares is going to help their cause. Besides, NAVR probably realizes that most of the volatility is caused by traders like this thread who are just going to dump NAVR as soon as the NETR IPO happens anyway. Why would they want to give US shares of NETR? I disagree with Annette, I think that NAVR is actually protecting their long term investors with their behavior. A spike on the IPO does nothing for the long term investor except make them nervous when it starts to plummet afterward. If NAVR can attract less attention, there is less volatility for their long-term investors to worry about. Unfortunately, that doesn't bode well for us, but IMO, criticizing someone for not meeting your needs is a little shortsighted. jw steve

To: Selfmade$ who wrote (16673)	5/12/1999 7:33:00 PM
From: Patric	Read Replies (1) \| Respond to of 27722

There has never been any suggestion in anything put out by NAVR that they are going to spin off their remaining NETR shares to their shareholders. I am not a securities lawyer, but I am quite certain that if there were any plan to do so that would clearly have to be disclosed up front in the S1, because it would be likely to have a substantial impact on the NETR shares (much larger float after the distribution). Unless I am seriously mistaken, because it has not been disclosed in the S1, a spinoff of NETR shares will not, in fact CANNOT happen in the foreseeable future, period. Moreover, I don't know why MALL included a spinoff as part of the deal in the UBID IPO but whatever the business reason was, it doesn't likely apply to NAVR. It just does not seem to be part of NAVR's plan to give away what appears to be a significant asset. And by the way this is NOT because of some perceived management disregard of the interests of shareholders, short-term or long, but because there is evidently no compelling business reason to do so. #B~}.