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Non-Tech : Morrison-Knudsen (MRN)

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To: Stuart Scolnik who wrote (24)11/27/1996 5:45:00 PM
From: Johnnny   of 27
 
Stuart

WAS (Washington Construction) changed it's stock symbol
(and name) on September 23rd to MK (Morrison Knudsen). The old MRN
shares were converted on a basis of 1 new 5-year warrant
(excersizable at $12.00) for every 15 old MRN shares. MRN last
traded around $0.40/share and the options started trading around $6.

MK is supposed to announce financials any day now. Have you heard
anything? Based on Ira's analysis this stock should jump to $15
within the next two months once there is a clearer picture of
what is going on.

If MK straightens itself out, who know, it could be a $40 stock
again. Not bad for a $9 stock.

Johnny Boy
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