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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge.
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To: henry jakala who wrote (267)11/3/1997 10:52:00 AM
From: Emec  Read Replies (2) of 1923
 
I understand it perfectly as I think Schwab does too. Unless LUNN filed a fraudulent 8K with the SEC (which I doubt they did), we all own 1 share of ATPX, which opened at approximately the same price as LUNN closed at on Friday)for every 10 shares LUNN we held before open today. I owned 1000 shares of LUNN at about $1.50 for a $1500 investment. At open this morning, I owned 100 shares of ATPX whcih was trading at about $1.50 for a $150 investment. I bought more because I think it will rise but we are all deep in the hole at prsent.
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