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Gold/Mining/Energy : Altair Nanotechnologies

ALTI 3.935

-1.0%

11:00 AM EST

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To: Rajiv who wrote (293)	3/18/1998 4:07:00 PM
From: Rajiv	Read Replies (4) of 603

LaserTechnics (LASX) quote.yahoo.com The 2 year chart shows that it made a high of 4+ sometime in May/June 1996. After that it has been a steady decline (it is now a penny stock). In July 1996, LASX issued some convertible debentures. Among the investors were Leonardo, L.P. GAM Arbitrage Investments Inc. AG Super Fund International Partners, L.P. Raphael, L.P. These 4 firms along with Ramius Fund, Ltd. and Baldwin Enterprises, Inc. are controlled by the same group of people. The drop in LASX might be totally unrelated with the convertible. However, we can be reasonably certain that the the debenture holders possibly couldn't have made money based on appreciation of LASX stock. In case you haven't read this post (Barron's article on floorless convertibles) exchange2000.com Why am I bringing this up on the Altair thread? These firms now hold 5M worth of floorless convertible debentures of ALTIF. Just some food for thought. Disclaimer : The above is MHO and is not intended to influence anybody. Everyone is advised to do their own research. Regards, Rajiv

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