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Non-Tech : Ashton Technology (ASTN)

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To: Zeev Hed who wrote (638)	5/4/1999 10:30:00 PM
From: Rob W	Read Replies (2) of 4443

Zeev, If you believe in your system, I suspect during the delay waiting for SEC approval, Asthon was putting that time to good use. My guess is that they had commitments in place. Just an opinion of course. I also noticed in the first public statement, the CEO said 20 million by end of year. I noticed in today's news he stated the figure between 20 and 30 million. While the institutions using the system will not be public knowledge, I don't believe, the number of shares traded over it will be. Now maybe the CEO is a hypster (NOT), the increase in his share estimate might provide a hint of institutional interest. Perhaps the number is proportional to the number of commitments the company has in hand. Who knows for sure, but I for one look forward to the start date as everything will then be a matter of record. Of course "end of year" could mean at least 3 things, and I have an inquiry with the company to get clarification. In the context in which it is said I believe it means calendar year, but I want to check. Cheers

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