LSGT/NASDAQ/Lasergate: Virtual Concert Tickets....

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To: Charles Steneck who wrote ()	5/31/1996 5:54:00 PM
From: Dan Webb	of 194

Chuck, that concept does sound interesting, but I would be extremely skeptical of LSGT. I know two people who lost a lot of money on this one, as a result of "cold call" tactics by the firm who underwrote an offering for them. The stock went from $9 to $11 to $9 to $7 to $3 to $1 ... (i think you get the picture). The only time the stock seemed to move up was when this firm needed to get rid of its inventory. The company files electronically, and as a result its F/S are on EDGAR -- they are not pretty. There is obviously a lot less price risk w/ LSGT at this level, but they have a long way to go to convince me that they can make money, and fund operations without diluting the company to zero. Be careful !! Dan

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To: Charles Steneck who wrote ()	6/4/1996 8:27:00 AM
From: Gary G, Weathersbee	of 194

LSGT @ $1 on 2M shares. I've had this stock for a couple of months. I bought it because it seemed to me that it will be using the internet in a way which make the load time for graphics worth it. I am also impressed by their client list and believe that with the change in management they are a viable turnaround. I just charted it for the past year and yesterday's volume was by far the largest in that time. They've issue two press releases in the past month (see Briefing Books, WSJ Interactive): 5/17--Lasergate Systems Reports A Record 137% Increase In Revenues, Compared To First Quarter, 1995 5/28--Lasergate Systems Announces Appointment Of New Chief Financial Officer I'm on the "Inside Wall Street" mailing list and this is their featured stock this month. That promo arrived on 5/25. None of this explains why the big jump in volume came yesterday. Delayed reaction or is something else up? Luck to all--Gary

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