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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis

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To: spiny norman who wrote (873)2/26/1998 3:34:00 AM
From: Q.  Read Replies (1) of 2506
 
BASEA dove a dollar yesterday on no news. The S-3 for the discounted converts was filed Feb. 11. Maybe the SEC has deemed the registration effective already, and the selling has begun?

The co. just filed its preliminary proxy. Included among the items for shareholders to approve was this sign of dilution to come:

"(3) Approval of a proposed increase in the authorized Class A Common Stock from 22 million shares to 40 million shares."
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