Amati investors Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Amati investors

AMTX 1.730

+2.4%

Nov 28 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Walt Deemer who wrote (20065)	6/19/1997 10:16:00 PM
From: Zephod	of 31386

(Chat: Soros) Walt; >>>I still don't see how Soros could have shorted AMTX in a big way; there was no big increase in Amati's month-to-month short position either during the fourth quarter or subsequently<<< (S-3) "or may also be used to cover short positions" I guess we'll never know why that's in the agreement, maybe some scenario that didn't occur. >>>Soros gave Amati $15M. In return, Amati gave Soros ~1M shares at a 15% discount to the market PLUS a five-year warrant (a long-term call option) to buy 300K shares at $17.45 PLUS another five-year warrant to buy 300K more shares at $25<<< The Greenberg article really cast Amati in a bad light. Other than a slight dilution of the stock it doesn't sound like such a bad deal for them after all. >>>it'd be like you or me buying 1000 shares of AMTX today not at $12.50, but at $10.62, and getting two calls on the stock for five years thrown in for free, one for 300 shares at $17.45 and another at $25. I'd sure be interested in that deal; wouldn't you?<<< That really does put it into perspective. Thanks! Regards Dave

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next