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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge.
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To: rci who wrote (1553)4/25/1998 12:22:00 PM
From: Sergio H  Read Replies (1) of 1923
 
I'm not sure how many additional shares, if any will be sold at the offering. If we just count the Equus shares, then you can easily understand how selling those shares in a public offering is a win/win situation. Shareholders that want to take their profits are provided with a method of liquidating their position. The float and liquidity are increased. I think that some sources of information such as Yahoo, include the Equus shares as part of the float.

Additional shares offered would have to be measured by the potential growth that the company can generate using the cash derived from the offering. They mentioned in their 10k that they are interested in
acquisitions, for example. The details on the additional shares, if any will have to wait till the Co. decides to define the offering.

Some things to look for in the next few weeks:
Less and less selling by the small shareholders. Anyone who has held this long waiting for the reverse merger to be recognized as succesful would have to be silly to sell now.
Some nibbling to establish new positions by some of the smaller funds.
The long overdue Nasdaq listing.
And of course, some 144 filings by Equus people wishing to sell.

Sergio
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