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Technology Stocks : Racom Systems (RCOM)
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To: Gutterball who wrote ()3/1/1999 6:51:00 PM
From: Gutterball   of 468
 
It appears Racom is close to completing its financing. Now that the reverse has taken place, let's see how things play out. Ten million preferred shares have been authorized.

Yahoo! reports RCOMD closed at 1 1/4 on 200 shares today. Not enough trading to get a true price. This seems a tad low, hopefully, we'll be higher tomorrow. However, RCOMD probably will not do much until we know how much financing they are putting together and who is putting up the money. I've been told it will not be Cappello et al.

Those who follow RMTR should watch RCOMD to get a feel for how RMTR will preform if its reverse takes place.

BTW, note the date of the BOD meeting. I wish they would have informed us before now of the results of this meeting. Anyway, it appears financing will be announced shortly. Hopefully, those guys are locked in at 7/16 or better on the pre split price.

Because of the reverse split, we will trade under the RCOMD symbol for a while, and then we'll return to RCOM symbol.
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