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Non-Tech : Ashton Technology (ASTN)

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To: StockDung who wrote (4279)	11/7/2001 7:36:49 PM
From: Mark Konrad	Read Replies (1) of 4443

Excellent post, Truthseeker. I've seen that "Red Herring" article on toxic financing before and have now copied it for my own files. The very same thing happened recently with IFCI; it's stock price rapidly declined from about three or four dollars to today's level of 73 cents. A few years ago another firm, Altair (formerly ALTIF, now ALTI), took on a "floorless" convertible. Result: from $32 a share to less than $1.50 today (ALTI has a lot of other problems in addition to their financing). I would sell (and have sold) ANY company that borrows money this way. Furthermore, if I had the guts or ability I'd even short it as the safest bet on the planet. All the above is my opinion only. Thanks again for posting the article--MK--

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