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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE!
RACE 333.17-1.6%Jan 30 9:30 AM EST

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To: Marshall who wrote (27792)2/8/1998 11:05:00 PM
From: drakes353  Read Replies (1) of 33268
 
Marshall:

As far as the "selling offshore" thing goes....if they "knew" it was going to go down they would have just shorted the stock and not bothered buying the converts. They really couldn't care less where the stock goes. If it goes up they make money. If it goes down they make money. Risk free. Good deal for them, bad deal for you.

The token amount of conversions to date makes me think that they are waiting for the deal to go to a discount. Should happen in the next few months, especially if RACE doesn't take the next $3 million.

Anyone talked to RACE about their plans on getting the stock price above $5 in the next couple of weeks? The delisting clock will begin to tick on February 23rd (I think) if the price remains below $5.

drakes353
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