MEMC INT'L. (WFR -NYSE) The Sleeping Giant? Message Board

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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?

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To: Carl R. who wrote (4281)	3/18/1999 8:47:00 PM
From: Justa Werkenstiff	of 4697

Carl: Strike price not calculated until after SEC approval based upon a formula using trading data relating to the period before the approval date. SEC is foot dragging. WFR thought (maybe still does) they could have this thing done this month. The $9.25 price in the SEC filing was just filler at the SEC's request and has no real meaning. Book value is $9.59 currently not considering the impact of the rights offering. I am not buying until all the cards are on the table face up.

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