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Strategies & Market Trends : Three Amigos Stock Thread

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To: RCJIII who wrote (21095)	9/30/2000 12:07:11 AM
From: Ken W	of 29382

RCJ WDC: Locked in some new credit facility yesterday for ongoing growth moving toward their new focus as an internet data storage company while maintaining the core biz of hard drives etc. Also they filed a S1 offering another 2.7 million shares to an institutional investor at a 4.25% discount of the average price. The offering price is 5.35 per share. IMO this kind of locks in a base floor on the stock...the preivous offering of Aug. 11 was for over 3 million shares at 3.94... While some would see these issues as dilutive I would think that it was a plus..first because institutions are interested in investing in the company at certian prices expecting a higher return on their investment than 4.25% and second that it is better than convertible debt. Ken

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