Magellan Aerospace Corp (MAL) New Listing Message Board

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Gold/Mining/Energy : Magellan Aerospace Corp (MAL) New Listing

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To: Anthony Wong who wrote (295)	10/10/1997 6:19:00 AM
From: Roy Cetlin	of 633

Anthony - while the 4 million shares could represent additional liquidity that it not what MAL necessarily needs - keep in mind they did a 5-1 consolidation less than a year ago. I'm not a 100% sure but there are over 40 million shares in play - I'm sure you can get the exact number. The conversion of the warrants represents a huge shorting opportunity for those who own them at the lower prices. Say you own warrants at a cost of $1.00 - 5 warrants + $1.75 = 1 share - You can deliver shares in February at $6.75 guaranteed = so why not borrow the shares now at $10.50 or $11.00 Good trading Roy

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