Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: dexx who wrote (12987)	3/5/1999 6:29:00 PM
From: Pat MacD	Read Replies (2) of 25711

Breifly reviewed that sec document. The uncertainty of the future of this shell is in the hands of the preferred shareholders. I would want to understand their intentions. Which party holds the trigger to liquidate; the management of the shell or the preferred shareholders. What price did the preferred shareholders pay for their position. The performance of the company over the last reporting quarters was in steady decline and the prefs may just be happy to get out now and do they have faith in the present management. (or are they the same group)The value is simply the shell. The press release heading was quite misleading. Always read the entire release.

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