Garden Fresh Restaurant Corp (LTUS) Message Board

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Non-Tech : Garden Fresh Restaurant Corp (LTUS)

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To: Sam Citron who wrote (24)	5/6/1998 9:20:00 PM
From: John O'Neill	Read Replies (1) of 78

In my experience with secondary offerings I'm guessing that no way will LTUS fetch $20/share. This is a major dilution with 300,000 shares being sold by insiders. The supply of stock will temporarily expand and the demand will diminish due to buyer's getting it on offering ..not open market. The people paying for 1.6 mil shares frorm a company with 4.6 mil outstanding will probably be want a "good deal" maybe between $17/ share..This is not bad given the sharp rise in stock. In the long run, I think this secondary will be positive for company...the stock will suffer short term..light volume today was indication that small buyers don't understand short term effect of secondary Does anyone know when secodary is expected.? JO

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