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Non-Tech : Ashton Technology (ASTN)
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To: Sir Auric Goldfinger who wrote (3415)3/14/2000 2:25:00 PM
From: mst2000  Read Replies (1) of 4443
 
Auric - You say - "They all agree but there's no volume" - Not sure I understand what you mean - but if its lack of volume on the system, that's because they have not gone live with all of the clearing agents, B/Ds and institutions integrated into the system. Without the national clearing agents integrated, there can be no volume -- but that integration is expected to be completed (and the system is expected to go live) by next week. So we will get to see if "there is no volume" or if that is just a temporary situation while the pre-launch testing phase concludes.

The specific question was really this: Do you not think it significant that Merrill is involved in this?? Does that not change your view that nobody cares even slightly?? I think its very significant, and will be reflected in the volume numbers when the system goes live next week. And with those numbers, so will go the stock price.

One last thing - the "cash burn" you refer to is not at all "life threatening" -- according to the 10Q, ATG has enough cash to operate for 24 months even if there is no revenue during that time period. Given that fact, and the fact that eVWAP is expected to go live next week with Merrill Lynch squarely in the middle, what difference does the burn rate make at this moment?

MST
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