7th Level Message Board

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Technology Stocks : 7th Level

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To: In Limbo who wrote (677)	4/22/1998 8:19:00 AM
From: targaman	Read Replies (4) of 1019

THIS COMPANY IS IN FINANCIAL TROUBLE -- SEE COMMENTS re: 10K The company just announced a bridge loan to stay in business ($4.5 million). Also a private placement of $10 million. I GUARANTEE that this will be massively dilutive to current owners of SEVL. I doubt private placement buyers would pay more than $1.50 to $2.00/share -- minimum dilution of 5 million shares. This would increase mkt cap to about $180 million (18.7 million x $9.25). Still a cheap stock? Private placement guys will short the stock to lock in quick profit. THIS NEGATIVE FOR SEVL SHAREHOLDERS. FYI -- 8000 shares offered at $9 on Instinet

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