Aladdin Knowledge Systems (ALDN) Message Board

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Technology Stocks : Aladdin Knowledge Systems (ALDN)

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To: Harry J. who wrote (322)	4/1/1999 6:49:00 PM
From: jsabelko	Read Replies (2) of 351

Actually the 335,000 class B shares are the line above aldn. I can't say for sure, but based on 97,98 press releases and filings along with the new 10K it looks like aldn sold the 500,000 shares it purchased in 1997, the 1 million it purchased in july 98 (based on 10K this was clearly half of the 7% class A warrant) and has exercised and sold roughly half of the $1.70 warrants. This therefore leaves 1.2 million $1.70 warrants and a warrant to acquire 3.45% of the class A shares (price equal to the avg of last 15 days). So to sum up it looks like aldn has been an aggressive seller of shares and has missed a good portion of the run up in wavx since this info is from march 5. Also the warrants were issued july 97 so the $1.70 warrant will expire in july of this year not 2000. I'm still hoping for a press release to clarify selling prices and details on the wavx relationship. I emailed IR again today and they still refuse to answer anything and will not commit to a date for the release. joby

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