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Technology Stocks : SSII - Info?
SSII 7.250-3.2%3:54 PM EST
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To: Jolie Renee who wrote (39)5/14/1997 10:38:00 AM
From: Dale Baker   of 134
 
I think they lost .10 or .11 last quarter vs. .14 this quarter, if memory serves.

I'd like to hear from the CFO what was behind the latest SEC filing. I don't see any reason to flood the world with warrants at $4.40 backed by authorized shares of stock unless there is some expectation that the stock price will approach (and exceed) those levels again. Imagine selling a used Ford Taurus for $30,000. Makes no sense to expect that price unless you know (or at least believe) that there is something about that car that could be worth $30,000 instead of $8,000.

I admit I'm just guessing here. But most companies turn to secondary financing when they are down on their luck, not what are essentially options to buy their stock at 4x the current price. Beats me.

I would be surprised if the CFO says much beyond they are confident business will pick up this year with the great new licensing deals they have concluded. But piecing the tidbits together could be interesting.

That's what makes playing penny stocks fun. Otherwise we would all just buy an index fund and read the business page over coffee.

Good luck.

P.S. I don't have a stop-loss order on SSII because I don't think the price could ever stay much below 7/8 or 3/4 at worst. Better for me to hang on and see what unfolds than get caught in a price manipulation.
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