<<Is this the bad news it appears to be?
Get out of SSTi and give up on it for now? I"m amazed at the number of shares and low price!>>
Why bad news ??
First, considering they weres sitting pretty with cash, there must be something big on the horizon to take on a little debt, yet increase their cash position significantly.
They must feel very good about something in my eye's.
Next, they now have 2 more BIG BOYS on their side. The warrants are convertible at $30.....which means the company, and the 2 BIG BOYS are betting the price will be higher then $30.
I think if you read everything, you may see the positives. Doesnt mean, SSTI wont take a little hit, but in the long run, I see this as good.....any other opinions? I mean, with all that cash sitting there, why would they want more....expansion, acquisitions ?? The 2 institutions taking the warrants at $30....certainly, they did their homework. Certainly they feel giving SSTI some capital in exchange for warrants to be converted at $30 is a good sign.....wouldnt you think. I believe they have 5 years to excersise......Any other opinions out there??? Looks to me that SSTI is setting themselves up for some major expansion or acquisitions and a couple of big boys feel good enough to come along for the ride. The company just pre-announced awesome earnings and specified they expected it to continue THRU 2001
opinions???????
Keith@surehopeIamseeingthisrightassstiisalargeholdingofmine.com |
