K-Tel (KTEL) Have the cheesy '70s records come to an end? Message Board

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Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end?

KTEL 0.301

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9:53 AM EST

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To: Spider Valdez who wrote (3047)	12/16/1998 9:14:00 AM
From: Rajiv	Read Replies (1) of 3203

From briefing.com - 09:10 ET K-Tel International (KTEL) 12 5/16: Issue bid up 5 3/4 pts higher on news company will issue new stock in an attempt to raise $15-$20 mln in new equity and maintain its Nasdaq listing. Company granting chairman options to purchase 200,000 shares. Company also projecting quarterly loss of $1 mln. Surprisingly, only a small percentage of KTEL's float is shorted (S/I ratio 0.38). Probably due to online brokers refusing to allow customers to borrow shares.

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