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Technology Stocks : RGFX Raster Graphics

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To: Richard Haugland who wrote (585)	11/20/1998 3:20:00 AM
From: Fred Fahmy	Read Replies (1) of 593

Richard, You need to be more careful with the facts. RGFX has not been acquired. They have signed an agreement with Gretag to be acquired for $13 million or approximately $1.3 per share. Last I talked to the company they didn't believe this would close, if approved, until early 1999. The stock trades everyday, albeit at very low volumes, on the "Pink Sheets". It has been in a range between .375 and .750 for the last few weeks. I'm assuming there is a large spread between the bid/ask which prevents people from getting a reasonable price on either end. The insiders are all for the deal but they only control 20% of the shares. If the deal goes through and you can get buy shares inside the trading range, it seems like you could make decent money....but I'm sure as hell not willing to put any new money into this one at this point. FF

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