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Technology Stocks : Plaintree (TSE:LAN,NASDAQ:LANPF)
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To: mike t who wrote (1387)1/20/1999 4:26:00 PM
From: Zvi Yammer  Read Replies (1) of 1606
 
Mike

You own a stinkin 2000 shares at 3.00 candian.

Assume you buy 8000 shares at 25 cents. That will leave you with 10,000 shares with a cost of 8000 dolars or an avg. price of
80 cents per share.

Even if PLaintree is delisted it will still trade on the Toronto exchange. Even if they close down the business they wil be forced to sell off the technology. The tax lossses alone might be worth a loonie.plus additkiona write-offs during the business closure.

I would not believe that the Newbridge or Nortel or Mitel or Lucent
or Cisco would not be willing to pay 40-50 million for the company.
Each is either a canadian concern or has canadian subs against which to use the tas benefits. Each would need to buy the technology simply to prevent it from getting into the other players hands.

Eveen at a fire sale we would see at least 1.00 per share Canadian.
Maybe even 2 per share.

So why not avg. down..of course this assumes you have risk capital.
But it is worth a shot.
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