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Non-Tech : Auric Goldfinger's Short List

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To: icecreambug who wrote (2387)6/21/1999 12:22:00 PM
From: Zeev Hed  Read Replies (1) of 19428
 
Dongsoo, warrants are typically leveraged instruments, used by speculators, one should expect a good portion to be sold before or immediately upon exercise, those exercising may sell a portion to finance the part they keep. You also must understand that the run above $24, IMHO, was probably "engineered" and thus these prices were artificially high, the company still has to turn positive cash flow and that is quite sometime out.

Zeev
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