Critical Path (CPTH) Message Board

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Technology Stocks : Critical Path (CPTH)

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To: cavan who wrote (181)	6/18/2003 5:54:36 PM
From: Vegas	Read Replies (1) of 185

If anyone still follows CPTH here is something interesting. Everytime the stock has tried to seriously rally in the last 2 months it has been met with BIG selling. In spite of that it has made some gains and closed over $1 today (up from .95) after hitting $1.19 a nickle shy of its 52-week high. The selling is the result for the Series-D Share holders converting their shares to common stock and dumping them on the market. There were 4,000,000 Series-D shares convertible to 57.9 million shares of common stock within 60-days of April 23rd, 2003. Monday 6/23 would be 60-days and the shares outstanding for the company now sit at 138,329,194 (up from 76,514,000 in last quarters report.) So I think its safe to assume the worst of the selling is over. I think its very positive that the market was able to absorb all that selling and still make modest gains. I would anticipate a very decent rally from here forward.

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