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Technology Stocks : Optical Cable Corporation - OCCF

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To: Harold who wrote (419)6/12/2003 1:26:04 PM
From: David Lawrence   of 449
 
I'm waiting to get my cash and warrants from the class action settlement. I don't have any idea how much money, or how many warrants I'm getting, but I do know that the strike price of the warrants is under $5. It could be a nice chunk of value, since only 5% of the shares were eligible to receive any of the settlement. My lowest cost shares are $14 (split adjusted) before adjusting the basis for the pending settlement, so it still has a long way to go. I'm too embarrassed to mention the basis of my highest cost shares.

Meanwhile, the stock is getting recapitalized since all of the trouble and troublemakers are history. This company had a market cap over a billion bucks at one time. Tsk!
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