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Technology Stocks : CDDD

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To: Sir Auric Goldfinger who wrote (813)7/19/2001 9:56:43 PM
From: blebovits  Read Replies (1) of 924
 
July 19, 2001

Dow Jones Newswires
Constellation 3D Cites Margin Calls For Stk Activity

NEW YORK -- Constellation 3D Inc. (CDDD) said the increased trading volumes and decreased share prices its stock experienced for several days last week were due to margin call sales and a misunderstanding about the exercise of certain warrants.

The stock hit a 52-week low of $2.46 on Friday on volume of 2.97 million shares and shares went as low as $2.50 on Monday on volume of 3.95 million shares. Average daily volume is 264,640 shares.

In a press release Thursday, the company said certain shareholders liquidated shares to meet margin calls, triggering a "snowballing" decrease in stock price, but investor confidence has since begun to reverse this effect.

Shares of Constellation 3D recently changed hands at $3.36, down 15 cents, or 4.3%, on volume of 1.9 million shares.

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Briefing Book for: CDDD
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