Echelon Corporation (ELON) Message Board

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Technology Stocks : Echelon Corporation (ELON)

ELON 21.88

+10.1%

Oct 6 5:00 PM EST

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To: William Peavey who wrote (2022)	5/10/2000 4:08:00 PM
From: $Mogul	Read Replies (2) of 3076

I am rather disturbed actully..very bad for us longs that siding scale financing price..and the uncertanity shows a lack of confidence by these investors. They will not pay anywhere near $35 and mostlikely mid $20's in this mkt. Very very disturbing this was bid up today like this in this mkt. especially because we still have a bit of downside more to go in the nasdaq in my opinion. I think many missed the statement that these are NEW shares as in additional...that will further dilute the float and outstanding shares. This is just a financing deal and that is what scares me big time, as the mkt cap increases... Also, the claimed new revenue I think is misleading due to the fact it is not real revenue from other "new" clients. I think many were had again, and it scares me that people are buying these stocks blindly again like they did last year. Many still don't realize the pain or feel it, which is why we are in this mess in the first place.

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