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Technology Stocks : Audio and Radio on the Internet- NAVR
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To: John T. Hardee who wrote (1875)12/8/1998 8:53:00 PM
From: RockyBalboa  Read Replies (2) of 27722
 
Thank god I always go short on shady stock with exercisable covertibles on.

Do the math: 20 millions have been infused in Navarre on May 1 1998

5 Million shares have been converted and sold so far (31-10-1998), the prices seem to be over 2 but under 10, say five. This yields $25 Million aleady.

11 Millions are issuable. 11 Millions at say $9 would give - $99 Millions. A nice return. Sure, selling eleven Million stocks should drive the Navarre price back into the doghouse.

C.
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