<<Personally, I think obtaining the cash to invest in the future in a wildly growing market is fine, but in the short term, it inhibits share price appreciation. Am I missing something?>>
If you're a long term investor like I am, then.. no, I doubt it. If the bears have their way of things, then I wouldn't be surprised if the stock tests the 20 level at some point again. Being invested in this stock however for some time though has given me a healthy understanding of what it means to chase a stock up. These opportunities to buy the stock at this level will be limited, in my opinion.
The only thing you'd be "missing" as you point out, would be more potential profits.. I however, refuse to gamble on the macroeconomics of NASDAQ b/c I believe it to be a fool's game. I feel it safe to gamble however, on the fundamentals of this company, and believe the secondary / convertible are a necessary evil to future good growth.
In regards to your questions on interpretations of the S3-A.. I'm a doctor, and not a lawyer, so not as qualified to answer. Perhaps you could call SSTI investor relations and ask for yourself.. shrug. My comments in regards to moving upwards relate to 1) wrapping up the S3's, 2) understanding the purpose of the monies raised, and 3) knowing the institutions involved in pushing the deal.
Hope this helps, and good luck to you
docpaul |
