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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: BDR who wrote (1327)11/3/2001 5:43:00 PM
From: Zeev Hed  Read Replies (4) of 1438
 
Dale, I see that they have just undergone the "obligatory" pre shorting pump in the last few days, here between $9 and $10 it seems ideal. By the way, they have (without the $10 MM) a solid $20 MM or so cash in the bank and their burn rate is about $4 MM per quarter, so their "need" for money may not be that immediate".

Zeev
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