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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE
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To: JKraft who wrote (2201)2/6/1998 4:33:00 PM
From: RADAR )))  Read Replies (2) of 2377
 
Joanie:

Thee MM's are not playing the stock price down. Meyerson is converting their warrants that they bought at 1.25 each. Meyerson supplied the funding capital for FTEL when they were in the R&D stage of development. FTEL is now switching horses to other funding companies with larger resources than Meyerson, so Meyerson is converting there warrant options to cash (selling stock). The nice news is that everything they are selling someone else is buying without the price falling out of bed.

RADAR
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