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Technology Stocks : DBS INDS - (OTC:BB DBSS)
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To: VentureSum who wrote (68)3/15/1999 7:44:00 PM
From: Dennis R. Duke  Read Replies (1) of 136
 
The story I heard, from the Company last week, was that the desire to raise cash for liquidity concerns with getting listed on NASDAQ has caused the company to ask warrant holders to exercise. Said holders are doing so by selling their current DBSS shares to get the cash to buy the warrants. That puts cash into the hands of the company, but has caused selling pressure in the market and hurt near term prices.

Wish I were in cash. I'd be all over the dip below $4 today.

When I called the company last week they indicated that a continuance on the ALA deal was very probable as today's announcement. So this was not an unexpected event. They reported that things are going well, and an announcement should come before EOM.

I am hanging on, pending on margin demands from other dumb investments (DD sector), which so far have cost me some of my position in DBSS.

Best to you, Dennis
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