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Technology Stocks : Westell WSTL
WSTL 5.640+1.3%Nov 25 3:53 PM EST
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To: apollo_2000 who wrote (21130)6/2/2001 9:51:29 AM
From: zone_boundry  Read Replies (1) of 21342
 
"As a condition of the agreement Westell will raise $25 million of equity financing by
specified times prior to June 30, 2001. "

from the pr (http://biz.yahoo.com/bw/010416/2582.html)

they said in the earnings cc that they wanted to do it through debt and not equity. They
already got 6 MM from their two biggest shareholders and they said they don't want to
do anymore to dilute the shares at this price.

If they get the debt financing (please, no floorless convertibles!) then we might close the gap
on the chart to $10.
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