eidos--maker of Tomb Raider Message Board

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Technology Stocks : eidos--maker of Tomb Raider

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To: Bleeker who wrote (1124)	7/22/1998 8:51:00 AM
From: hl	Read Replies (1) of 1773

I agree, EIDSY should only make an aquisition with their existing liquidity (TR2 sales generated a lot of cash flow that gives EIDSY the financial firepower to make a 100 mill. $ aquisition). In my opinion, a share issue to finance an aquisition (EIDSY has 16 mill. shares outstanding and the right to issue another 11 mill.) is indeed a bad decision for shareholders. I don't want my EIDSY holding seeing diluted at a ridiculous share price of 14 1/4 when the "fair value" of EIDSY is 30 at least! So my advice for EIDSY is: make a small to medium size aquisition (like Rage) by using your cash reserves, but don't make an dilutive deal with any stock offering. Kai

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