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Technology Stocks : JMAR Technologies(JMAR)
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To: Dave Swanson who wrote (4925)1/30/1998 7:57:00 PM
From: Bilberry  Read Replies (1) of 9695
 
Dave, I have to agree with you. The swiss private placement was much worse than what would have occured, if the warrants were excercised. First, I would rather have current JMAR shareholders hold shares rather than this swiss outfit. Second, the dilution is much less with the warrants. The private placement was at about 3.40 a share, and these people got a warrant for every four shares too. The warrants are a good way to raise capital, and distribute the stock to many holders rather than one which prevents a lot of the abuse we have seen.

One big reason that JMAR should excercise the warrants it that the 12.6 million raised would put JMAR in a much better bargaining position for potential joint ventures. A cash weak JMAR is not what we want. I want to see the money in there in the shorter term. My point is even if they do not need money in the short-term, it still benefits them when negotiating with larger companies.

--Bilberry
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