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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Zeev Hed who wrote (1113)1/15/2000 8:30:00 PM
From: Sir Auric Goldfinger   of 1438
 
CYBR: I guess more the issue is the 50%+ dilution that comes from options and warrants that takes share count from 40 M to 69 M on a fullu diluted basis. Cash flows can not in this case be interpolated forward since the company is embarking on a new business strategy which will expend cash if you look at the MD & A. Thnx.
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