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Non-Tech : Ashton Technology (ASTN)
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To: DLJMT who wrote (1502)6/5/1999 7:52:00 PM
From: mst2000  Read Replies (2) of 4443
 
Doc - You should read a Microsoft registration statement someday - you wouldn't think a stock with as many warnings as Microsoft's registration statements contain would be up over 10,000% since its IPO.

You gotta do better than this . . . . why is it that ATG's stock hasn't crashed back to single digits if it's such a piece of crap?? Yeah . . . now that I've read the POS AM, I'm shaking in my boots.

BTW - notice what the POS AM said about the number of shares of outstanding stock?? It looks like the floorless financing isn't exactly floorless after all. FWIW, there will be more shares outstanding when all options and warrants are exercised and all preferred stock has been converted than I originally thought - by about 10-20% (approaching 30 million, instead of 25). Which is significant to me- it means when ATG is worth $1 Billion, the stock will be at 33 1/3 instead of 40. But, while we're doing the math, you must realize that ATG's current market cap is not just over $215 Million (15MM x 14 7/16) but rather just over $330 Million (23MMx14 7/16). Conversions to almost 23 million currently issued and outstanding.

Looks like the only thing that's floorless is the logic you and Auric have been using to trash ATG unfairly.

MST
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