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Technology Stocks : CDRD (CD Radio)

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To: Dale Baker who wrote (302)	11/12/1997 1:16:00 PM
From: Candle stick	Read Replies (1) of 904

Dale, there is some selling going on today....62, 000 shares so far and the retail houses are the sellers.....that convertable preferred is not going to get reorganized. The company is going to get stuck with 9.3 million more shares and no new cash. The secondary and the notes offering were contingent on the preferred being reorganized. I have heard no news whatsoever on this front. The deadline is this Friday Nov. 14th.........it looks immenent to me that CDRD will get hammered soon. The buying is all but completely stopped at this point and big supply is coming to market....best of luck to you.......;^)

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