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Technology Stocks : Orckit (ORCT)

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To: savolainen who wrote (908)2/5/1998 10:18:00 AM
From: MangoBoy  Read Replies (2) of 1998
 
[shopping]

<< right now they have something like $30 million cash (which is not being burned)... if the secondary brings in say another $20 million (for the company)... maybe orctf will go shopping? >>

why do a secondary to raise cash for shopping? why not just do stock-for-stock swaps? ORCTF stock looks like pretty good currency to me, for all the reasons you have documented.

up 11% today.

mark
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