Westell WSTL Message Board

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Technology Stocks : Westell WSTL

WSTL 5.700

-6.6%

3:57 PM EST

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To: Skiawal who wrote (15874)	4/16/1999 12:39:00 PM
From: schlep	Read Replies (2) of 21342

I post this question: 909k warrents to be converted to shares => about 6% dilution in the 15M float shares or about 2.5% total shares. Is this news so great? If westell in the future is lets say 2x the conversion price, then they will need to write off the gain of ~$5M ($6.37 * 909K). Considering they are only getting $20M in financing, it appears that they are paying through the nose for it, not to mention the 6% interest on the Debentures. What am i missing besides the fact that they absolutely needed it now. WSTL would make a great television anti-drugs advertisement - this company is on Crack. See how well it performs. Comments Welcome. GS

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