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Technology Stocks : CDRD (CD Radio)
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To: david smith who wrote (127)6/13/1997 2:56:00 PM
From: Candle stick   of 904
 
David, you wrote:

Please also consider that if someone is willing to give this company 500 million for sattelites, that someone probably has taken a hard look at what they are investing in. My experience is that people with 500 million to loan\invest are more often intelligent than capricious.

IF they get 600 million dollars....that's a big IF...so far they have no money and no prospects. Also while you own this stock they burn cash and create no revenue whatsoever. The time frame is 3 years. Thats a long time to wait fo a big IF, in the meantime there is nowhere to go but down, especially when those 9.3 million converted common shares get dumped.........;^)
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