PRMO - Premenos Message Board

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Technology Stocks : PRMO - Premenos

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To: Martin X who wrote (183)	5/27/1997 1:12:00 AM
From: Trey McAtee	of 240

martin-- well, then the valuation should be at least $11/share based on current products and cash on hand. clearly this company is undervalued right now. however, managements efforts to dilute do not bode well for the future. this is the problem with a lot of tech companies. they see the stock as a quick way to make a buck, and do not understand that its value is created by the owners of the company. this dilution is like pissing on the shareholders. if they need the stock for options, they should buy up stock. they certainly have the cash to do it. unless they are planning to burn through more cash...... good luck to all, trey

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