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Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable.

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To: Bernard Levy who wrote (1854)4/7/1998 4:23:00 PM
From: Alex Pilosov  Read Replies (1) of 2063
 
I hate personal attacks, so I'll just give facts.
1. I have no idea why investors put money into CVUS, while not demanding license as guarantee.
Maybe SH actually has a clue not to mess with license and company isn't that bad and attracts investors?
2. You do not realise that last financing was a secondary offering, not a debt issuance. Secondary offerings are not secured (or very rarely are).
3. Convertible = usually means that preferred shares are convertible to regular shares at market or fixed price at specified time. Investors like "market price" cause if price goes down, they'll get proportionally more shares, and more equity(compared to previous shareholders).

From my point of view, today's drop of 8% was corresponding to dilution (10 million$ new shares issued/90m$ old shares).

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