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Technology Stocks : Superconductor Technologies : SCON
SCON 2.500+10.1%Sep 7 5:00 PM EST
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To: big run who wrote (432)2/28/2000 12:33:00 PM
From: Tom Hua  Read Replies (1) of 903
 
big run, the company ran out of working capital, it needed cash infusion, stock was trading at $10-12. Ordinarily a company would do a secondary offering and net about $10/share. But since there's no institutional interest in the company, they had to do another private placement, selling a few million shares on Feb 11 at $3 1/4 per share.

Regards,

Tom
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