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Strategies & Market Trends : Rande Is . . . HOME

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To: Kevin Shea who wrote (8611)	6/24/1999 11:54:00 AM
From: Rande Is	Read Replies (1) of 57584

>>UOLP<< . . . . .Removed from SAM. . . at 8 bucks. . up from 2 15/16. Due to company signing an offshore floorless convertible debenture deal. . . .this leads to a MAJOR loss of equity in a relatively short amount of time. . . about 90+ percent of the time. This is due to shorting by debenture holders, which typically occurs [legal or not] so that they will benefit most from conversion. From 8 dollars per share, the upward potential or reward is no longer worth the increased risk, in my opinion. . . Later in the year, if we see evidence that conversion has been completed, we will re-evaluate. We made a solid 5 dollars per share profit from our investment at about 3 bucks per share . . . which is a 167 percent increase on our investment [not 180, like I originally calculated]. Congratulations to all on their profits. Rande Is

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