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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis

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To: chester lee who wrote (1661)	8/20/1998 2:16:00 PM
From: dumbmoney	Read Replies (1) of 2506

For those still interested, EA has been delisted from the NYSE and is now trading on the OTCBB as EAIN. It made an intraday low of 0.25 today. The stock traded above $7 just a few months ago where it was recommended for purchase by S&P (highest 5 star rating), and recommended for shorting by JohnG. To forstall bankruptcy EA was forced to issue yet another floorless convertible ($4 million) which is initially convertible at 100% of market, later reducing to 80%. This will result in extreme dilution and secure EA's new status as a penny stock.

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