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Technology Stocks : DSSI/DATA Systems & Software
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To: Madharry who wrote (701)8/5/1998 12:19:00 PM
From: jtechkid  Read Replies (1) of 1061
 
its more a credibility thing than anything else that the management cares about shareholder value and they couldn't let this thing fall apart. 'm long a lot of shares because i know the meter reading very well and believe wall street does not know whats going on. i believe you will see contacts this month and i know for a fact they are negotiating a private placement that values the company between 25 -60million. the placement depends on the contracts that obviously dssi recieves. i think the company on a risk reward its a steal. the company will probably buy back 100.000 shares and it credible because it signals to me that the private will be done soon so they do not have to fund any money on converge. dssi has around 9 million in cash and 30 mill in securities(dssi and dsi) and spending 500.000 for credibility or pr is well worth it. i hear if the stock stays down here they will do 500.000 but believe me they will have a hard time buying 100.000 shares under 5 .
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