Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: Roger A. Babb who wrote (7231)	5/23/1997 6:11:00 PM
From: D.J.Smyth	of 18263

Babb, you are generally correct regarding the share dillution and the shorting relative to the such agreements (I'll read the full agreement this weekend). (Although, I hope for all the remaining longs on this thread that you are wrong.) But, you must remember that Zitel still has a portion of MD and MD still has one of the most brilliant programmers in the world working for it. I sold my long Zitel shares at $25 3/4 yesterday, although I'm looking for a buy back on any non-sustained weakness in price - and I'm well aware of the risk in doing so. MD could announce significant contracts/revenues and this would blow your arguement all to shreads. The increased buying/covering of the shares on this announcement would more than cover any further dillution.

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