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Biotech / Medical : PLC Systems
PLC 30.130.0%Dec 14 4:00 PM EST
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To: Tom Hua who wrote (773)4/27/1998 9:41:00 PM
From: Tom Hua  Read Replies (1) of 1202
 
David, short interest as of 4/21 was 1.6 M shares (or about 10% of the float). I wonder how many of them are covered today. If the interview on CNBC tomorrow is positive, short covering will help boost the stock quite a bit.

Someone on Yahoo spreads the rumors of a buyout. I think it's absolutely false. The recent factor of 4 increase in authorized shares plus the financing announced today could point to PLC being the acquirer, not acquiree. What do you think?

Regards,

Tom
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