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Technology Stocks : Safeguard Scientifics SFE

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To: robert miller who wrote (2992)6/1/1999 1:08:00 PM
From: still learning  Read Replies (1) of 4467
 
Bob- this points out a classic problem for SFE. If they don't own enough shares, the ratio suffers, either during an IPO or a rights offering. If they own too many shares, the float suffers. If they own lots of shares (say 10 mm) and the company has lost of shares out (say 50 mm), then there are too many shares for such a small company.

That's why, despite the criticism of IPOs/Directed stock offerings, I am very pleased with ths direction. I'd first and foremost like to see SFE develop exit strategies, whcih they've been unwilling to do. And CATP is a classic case -- 5 YEARS after IPO (roughly), selling at $70, and they still don't sell!!!!

What the @@#@#%$???

IPOs ware faster, and can safeguard the "dividend rights" John Arnopp coined. BTW John, now is the time IMVHO to get back in.
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