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Technology Stocks : Andrea Electronics (AND)

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To: IngotWeTrust who wrote (1270)6/27/1998 10:01:00 PM
From: phbolton  Read Replies (1) of 1356
 
(1)institutional ownership is now about 6.5% down from about 10% in Jan
(2) the 14A includes 10 mil new common shares, 5 mil new preferred and 2 mil right now for the andrea insiders. this will dilute existing 11 mil shares (not counting lamar) by about 60% (ie each current share will be worth about 0.4 after dilution). even the yahoo andrea thread folks are outraged by this move--- this 14A is a must read for longs and shorts

am away most of another week
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