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: $Mogul who wrote (2024)	5/10/2000 5:20:00 PM
From: Ed Don	Read Replies (1) of 3076

$Mogul. I don't know what you're talking about. Enel is willing to pay 110% of the current market price of ELON and you say they have no confidence. At today's close that would represent a $4.00 premium. So what if there are limits, that protects both parties. You are worried about dilution. It doesn't seem to bother Enel. They may give ELON as much as $140 million for 3 million shares which is still a minority interest. What do they stand to gain if ELON is not successful? The answer is nothing. I assume therefore that Enel has great confidence in ELON. Who cares if this is considered a financing or an investment? ELON still gets the cash. Their potential market is huge. Sorry $Mogul - anyone who finds it necessary to post negative comments regarding today's wonderful news doesn't sound like a long to me.

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