Legacy Storage Systems Inter. Inc-VAST 1500 Gig Message Board

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Technology Stocks : Legacy Storage Systems Inter. Inc-VAST 1500 Gig

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To: Neil Leckett who wrote (26)	9/18/1996 11:10:00 AM
From: Frederic Borgatta	of 64

Thanks Neil. This is a quick post: WRT the options re-pricing, correct me if I'm wrong, but this re-pricing is the third downward over two years, is it not? So while mgt. incentives are laudable, I would've liked to have seen the higher priced options remain. I looked at the short interest on the TSE since November, and the short interest ratio has been below 1 for at least six months. The decline in the stock is not due to the shorts nor to insider selling (particularly since Killins owns 13% of the stock); it's retail investors that simply got fed up or frightened. I'm very pleased to hear that Tokenhouse is now out of the picture and so this and the other things LEG is doing, it looks like they are starting to do things "right". But, as you point out, patience is a virtue. If the price got to $2.25 I would be very pleased indeed. Cheers.

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