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Non-Tech : Ontro (ONTR)

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To: Mahin M. Samada who wrote (32)5/14/1998 1:05:00 AM
From: Mahin M. Samada  Read Replies (1) of 46
 
Ontro currently has 6.5 million shares outstanding. At close of market today, the market cap is $39 million. Reasonable cap, right?

Ontro just raised $20 million! That gives us an incredibly low cap given the amount of $$ raised via the offering and the technology that Ontro represents. The product they have developed could be a standard item on the shelf of your local 7-11 someday.

The price pull-back on Wednesday is simply due to the 'flippers' that were anxious to get some cash out of the deal. A move they will soon regret.

With over 20 institutions signed on and committed to Ontro, I am a buyer tomorrow AM at anything under $6.50. Will buy all week, looking for some major upward volume soon. Frankly, i think we're lucky to see these levels.... great opportunity to buy at close to IPO.

This deal is just too good to pass up right now.

enjoy!
mahin.
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